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Political donors could face tougher residency rules
BBC • • general
Key Points:
- The UK government plans to tighten residency rules for political donors, aiming to ensure significant donors reside in the UK, following controversy over £72m in donations to Reform UK from two British crypto-billionaires recently living abroad.
- Proposed changes include a £100,000 cap on donations from British voters living overseas, backdated to March 25, and a minimum 12-month UK residency requirement for donors returning from abroad.
- Reform UK leader Nigel Farage defended the donations as legally compliant under current rules but criticized retrospective changes, warning they could destabilize political funding and increase taxpayer burdens.
- MPs have backed amendments to the Representation of the People Bill to strengthen residency requirements and ensure large donors demonstrate a genuine UK connection; the bill is under House of Lords review.
- Trade unions, major donors to Labour, emphasize their funding as transparent and regulated, calling for protections against influence by wealthy donors, while debates continue over donation caps and political funding reform.
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