Nigel Farage purchased a £1.4m property in cash shortly after receiving a £5m personal gift from crypto billionaire Christopher Harborne, it has emerged. The Reform UK leader is now under investigation by the parliamentary standards watchdog over the gift, which he initially said was for personal security but later described as a reward for his Brexit campaigning.
The secluded property, located outside London, was bought in 2024 and has since been subject to approved planning applications for extension and redevelopment. A Reform UK spokesperson insisted the purchase process began before the gift, stating that proof of funds and checks were already passed beforehand.
Labour has called on Mr Farage to fully disclose what the £5m was used for, with party chair Anna Turley describing the situation as 'stinking'. The parliamentary commissioner for standards is investigating an alleged failure to declare an interest under rule 5 of the MPs' code of conduct, which could lead to suspension if a serious breach is found.
Mr Farage owns four properties, including the new one, while his partner bought a fifth in Clacton for about £900,000 in the same period. The standards watchdog's inquiry was opened on Wednesday, and Mr Farage is one of five MPs under investigation.
