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Cat Neelan

๐Ÿ‘ค Speaker
158 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Politics
Who Funds Reform? The Missing Millions

This is where the party's money gets interesting.

The Rest Is Politics
Who Funds Reform? The Missing Millions

Yeah, that's Poppy Bullard again.

The Rest Is Politics
Who Funds Reform? The Missing Millions

She's speaking to Sam Power at the Observer offices.

The Rest Is Politics
Who Funds Reform? The Missing Millions

They're looking at the Brexit party's financial statement from the end of 2019, essentially its first year of operating.

The Rest Is Politics
Who Funds Reform? The Missing Millions

And it's a peculiar document.

The Rest Is Politics
Who Funds Reform? The Missing Millions

The number they're looking at is a single number in the donations column.

The Rest Is Politics
Who Funds Reform? The Missing Millions

It's ยฃ17.2 million.

The Rest Is Politics
Who Funds Reform? The Missing Millions

There isn't really much more detail than that.

The Rest Is Politics
Who Funds Reform? The Missing Millions

No information about who the money came from or what it was spent on.

The Rest Is Politics
Who Funds Reform? The Missing Millions

In terms of donations, we know that around ยฃ11 million was declared to the Electoral Commission, and according to Nigel Farage, ยฃ5 million came from small donations.

The Rest Is Politics
Who Funds Reform? The Missing Millions

But that doesn't account for it all.

The Rest Is Politics
Who Funds Reform? The Missing Millions

And the number in the expenditure column is even bigger, nearly ยฃ19 million.

The Rest Is Politics
Who Funds Reform? The Missing Millions

Even accounting for the fact there were both European elections and a general election that year, Sam Power says the numbers just don't stack up.

The Rest Is Politics
Who Funds Reform? The Missing Millions

We can see from the document that they spent ยฃ1.2 million on staffing costs and ยฃ9.3 million on campaigning.

The Rest Is Politics
Who Funds Reform? The Missing Millions

But there's another mystery figure in the spending column too.

The Rest Is Politics
Who Funds Reform? The Missing Millions

That's ยฃ7 million spent on, well, we have no idea.

The Rest Is Politics
Who Funds Reform? The Missing Millions

And short of someone telling us, no way of finding out.

The Rest Is Politics
Who Funds Reform? The Missing Millions

And the most important thing to note about the Brexit Party's accounting in 2019 is that it's completely legal.

The Rest Is Politics
Who Funds Reform? The Missing Millions

The party isn't required, outside of an election period, to log what it's spent all that cash on, nor is it obliged to say where it came from.

The Rest Is Politics
Who Funds Reform? The Missing Millions

No one we spoke to during the reporting of this story wanted to, or could, tell us what the money was spent on.