Displaying items by tag: electoral funding

The Electoral Commission (EC) has asked for a change in electoral law to close a loophole that could enable Elon Musk to make an £80 million donation to Reform, Nigel Farage’s party. Current laws prohibit foreign citizens like Musk from directly donating to UK parties, but a loophole allows unlimited donations through UK-based companies. This proposal gained urgency after Musk and Farage discussed potential financial support during a meeting at Donald Trump’s Mar-a-Lago resort. Reportedly, Musk is considering a significant donation to challenge Labour and the Conservatives. EC chief Vijay Rangarajan emphasised the importance of voter trust in political financing and urged the Government to address this issue. However, Downing Street stated that reforming electoral law is not a priority in the current parliamentary session.