Nigel Farage's Reform UK party is being bankrolled by millionaires linked to offshore tax havens, new analysis of Electoral Commission records reveals. Of the £18.6 million donated to the party in 2025, some £15 million came from donors with offshore connections, representing nearly 80% of all contributions.
Top Donors and Their Contributions
The largest donor was Thailand-based crypto investor Christopher Harborne, who gave the party £12 million, including a record-breaking £9 million single donation. The second largest donor was party treasurer Nick Candy, who donated £990,000. Candy's property empire includes companies based in Luxembourg and Guernsey.
Deputy leader Richard Tice gave £613,000 through his company Tisun Investments, having previously established an offshore family trust in Jersey and controlled Channel Islands company Gellymill Ltd. Businessman Bassim Haidar, who relocated from Britain to Dubai following Labour's changes to non-dom tax rules, donated £355,000 after leaving the UK.
Together, these four men – two now living abroad and all former Conservative donors – gave Reform almost £14 million last year. Another 14 Reform donors with offshore connections contributed between £25,000 and £200,000 in 2025.
Additional Offshore-Connected Donors
JC Bamford Excavators Ltd, linked to the Bamford family whose business empire has been held through Bermudan trusts, donated £200,000. Lady Rothermere donated £50,000 while the Daily Mail group remains controlled through a Jersey-based structure. Multiple UK-registered companies ultimately owned through Jersey, the Isle of Man and the British Virgin Islands contributed a combined £300,000.
Babelfish, the investigative group founded by Dale Vince, found that five Reform donors responsible for £12.55 million (67% of the party's annual donations) provided addresses overseas to Companies House. The investigation also identified £733,000 in donations from 18 individuals who could not be conclusively identified.
Reactions and Concerns
Dale Vince said: 'Farage is taking political donations into new territory and to new levels. The influence of big money in UK politics can no longer be ignored. Wealthy people, big business, and foreign-linked money are finding new ways into the system – from companies to cryptocurrency. The danger is clear: politicians make decisions based on the interests of their donors not the country. Rather than play political whack-a-mole trying to close the latest loophole in donations – crypto being the very latest – we should deal with the root problem. A complete ban on political donations is simple, clear and enduring. No donations means no loopholes. And no influence.'
Anna Turley MP, Labour Party Chair, said: 'Nigel Farage didn't want the public to know that he secretly trousered £5 million from his crypto billionaire backer. And he avoids questions about who paid for his luxury homes. Now Reform's offshore funders have been exposed. Nigel Farage's party are propped up by rich foreign friends and tax haven dwelling billionaires. They are not on your side. While Farage jets off around the world on his donor's private plane and pockets millions while families struggle, Labour is delivering. We're supporting families with the cost of living and we're stopping overseas billionaires influencing our politics.'
Reform UK was approached for comment.
