The UK government has announced a series of measures aimed at increasing transparency and tightening regulations on political donations following revelations involving Reform UK leader Nigel Farage. The moves come amid growing scrutiny over donations Farage received from convicted fraudster George Cottrell prior to becoming a Member of Parliament, which may prompt a second investigation by the parliamentary standards commissioner.

The new regulations intend to cap donations at £100,000 for individuals who have moved to the UK within the past year. This rule targets donors who might attempt to bypass existing restrictions on foreign contributions by relocating and registering to vote in the UK shortly before making donations. In addition, the government plans to enhance due diligence on donating companies by evaluating their profitability alongside their revenue to verify legitimacy.

Further reforms will introduce stricter disclosure requirements for political candidates. Donations exceeding £2,230 received during the period immediately preceding a candidate’s official nomination must be declared, although personal gifts will remain exempt from this rule. These changes seek to close loopholes and promote greater accountability in political funding.

The timing of this crackdown follows ongoing investigations into Farage’s financial backing. Daniel Greenberg, the parliamentary standards commissioner, is already examining a £5 million donation made to Farage by cryptocurrency entrepreneur Christopher Harborne. The inquiry may now expand to include gifts from George Cottrell, who has a history of fraud convictions and was involved in the cryptocurrency sector.

The package of reforms is scheduled to be presented to Parliament later this month. While the government frames these measures as part of efforts to strengthen trust in the political system, there is pressure from various quarters to introduce even more stringent controls on donations, particularly concerning contributions from figures linked to the cryptocurrency industry.

The developments reflect broader concerns about the influence of foreign and crypto-linked money on UK politics and signal a heightened regulatory approach aimed at preserving electoral integrity.