UK politics increasingly funded by billionaires as mega-donations surge

There is increasing concern among Reform UK’s rivals about the issue of donations of more than £1m, with some Labour MPs pushing for a cap of £100,000 or £500,000 a year. Photograph: Toby Melville/Reuters

British politics is increasingly being funded by individual billionaires with a wave of mega-donations having flooded into UK political parties over the past two parliaments.

A total of £179m has been donated by wealthy individuals since 2019, research reveals.