Reform UK has received a record-breaking £72 million in donations over a single weekend, marking the largest single windfall in British political history and triggering immediate calls for a radical overhaul of party funding laws.
The party confirmed the receipt of two separate £36 million donations over the weekend of 12-13 September 2026. The funds were provided by cryptocurrency billionaires Ben Delo and Christopher Harborne. The scale of the gifts has eclipsed all previous records for individual political donations in the United Kingdom, prompting an urgent debate over the influence of “mega-donors” in the democratic process.
The development comes as Prime Minister Andy Burnham faces escalating pressure from trade unions and Labour MPs to revisit party funding rules and implement a cap to prevent wealthy individuals from exerting disproportionate influence over political parties.
Legislative challenge in the Lords
The timing of the donations has placed the government’s legislative agenda under intense scrutiny. The Representation of the People Bill is scheduled to return to the House of Lords on Monday, 14 September 2026. Peers are expected to challenge the government on whether the new legislation will include retrospective measures or a firm cap on future donations.
Mr Burnham, who has frequently operated from a “No 10 North” office in Manchester since taking office, is reportedly considering the recommendations of a recently commissioned taskforce. The group was established to review the role of high-net-worth donors following several high-profile controversies regarding political transparency.
Background of the donors
The donors behind the £72 million total have both been subjects of significant public record. Ben Delo, a British mathematician and co-founder of the BitMEX exchange, was previously convicted in the United States for failing to implement sufficient anti-money laundering controls. He was later granted a full pardon by former US President Donald Trump.
Christopher Harborne is a cryptocurrency billionaire. His previous financial support for Reform UK and its predecessors has been a recurring point of discussion in Westminster regarding the status of political donors.
Government officials have not yet confirmed if any new rules resulting from the current review would be applied retrospectively. However, the sheer size of the weekend’s donations has ensured that the “mega-donor” debate will dominate the return of Parliament this week, as the House of Lords prepares to scrutinise the integrity of the UK’s electoral finances.