Blocking Musk’s millions: UK to tighten political donation rules
The UK government plans to cap donations from foreign-backed firms, partly to prevent Elon Musk’s £80m gift to Reform UK.
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Ministers are working on closing loopholes that allow foreign donors to fund UK political parties via British-registered companies, even if those firms generate no revenue. Proposed changes would cap donations based on a company’s profits or revenue, limiting the use of UK firms as funding vehicles. The move aligns with the government’s pledge to safeguard democracy by strengthening donation laws.
Sources indicate these plans are partly driven by concerns over Elon Musk’s rumoured £80m donation to Reform UK. If implemented, the restrictions could block his financial backing, dramatically reshaping the party’s campaign prospects. Public sentiment supports the move—77% of Britons oppose foreign nationals funding UK parties.
With Westminster’s history of murky money, the reforms could boost transparency, but critics may see them as politically motivated. Will they pass before the next election?
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