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Labour urges Farage to stop evading scrutiny over £5m gift from crypto billionaire

Call for ‘clear and truthful account’ comes amid questions about the Reform leader’s property spending The Labour party has written to Nigel Farage urging him to stop “evading reasonable scrutiny” over the £5m personal gift he received from the Thailand-based crypto billionaire

Labour urges Farage to stop evading scrutiny over £5m gift from crypto billionaire
Guardian Politics — 7 June 2026
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Call for ‘clear and truthful account’ comes amid questions about the Reform leader’s property spending

The Labour party has written to Nigel Farage urging him to stop “evading reasonable scrutiny” over the £5m personal gift he received from the Thailand-based crypto billionaire Christopher Harborne .

The letter coincides with approval of a planning application that reveals the Reform leader’s plans to transform a dilapidated Kent property into a luxury beachfront residence.

Farage is under investigation by the parliamentary standards commissioner after the Guardian revealed that he received the £5m gift in the weeks before he U-turned on his decision not to stand as an MP in the 2024 general election.

He was subsequently elected to parliament as the MP for Clacton in Essex and kept a high media profile with weekly press conferences. These regular events have stopped since the Guardian broke the news in April.

Anna Turley, the Labour party chair, accused Farage of “running from scrutiny”. She said: “It’s time he ended his deafening silence and came clean with the public as to what’s gone on here. He can’t keep dodging questions and changing his story.”

Farage first said the gift was to pay for personal security for the rest of his life, before changing tack after questioning and saying he considered it a reward from Harborne for having campaigned for Brexit .

He has insisted there was no need to declare the £5m to the authorities because he was not an MP at the time he received it.

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