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The Rest Is Politics

Who Funds Reform? The Missing Millions

28 May 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.031 - 11.847 Alastair Campbell

Thanks for listening to The Rest Is Politics. To support the podcast, listen without the adverts and get early access to episodes and live show tickets, go to therestispolitics.com. That's therestispolitics.com.

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20.18 - 35.758 Alastair Campbell

Hello and welcome to the Restless Politics with me Rory Stewart and with me Alastair Campbell and we have very exciting news about a four-part mini-series that we are doing on the funding of ReformUK.

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35.738 - 53.898 Rory Stewart

And we're doing it with The Observer. And it's been an amazing piece of work. The series is put together by Kat Neelan, who's The Observer's Whitehall editor. In episode one, we begin the story of who funds Reform UK. So it's something that Alistair and I have been fascinated by for a very long time. Of course, we get glimpses of it.

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54.158 - 73.857 Rory Stewart

Many people will have heard that Nigel Farage received a £5 million contribution towards his, inverted commas, security from Chris Harbourne, who is a crypto billionaire based in Thailand. But as this investigation shows, the story of reforms funding is much, much more complicated, and they've got some unique interviews here.

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73.917 - 88.094 Rory Stewart

They've interviewed Ben Habib, who was very close to Nigel Farage and is now beginning to talk much more openly about where some of this funding is coming from. We're talking about Tory donors crossing the aisles. We're talking about the kinds of motivations that drive them in.

88.174 - 102.092 Rory Stewart

And above all, we're talking about how opaque it is and how mysterious it is and what on earth you have to do to save your democracy from a few very wealthy people putting in sums of money, which are colossal. I mean, so much larger than anything that you and I would have seen in politics.

102.233 - 115.421 Alastair Campbell

One of the reasons why we were interested in doing this is because We've seen what has happened in other countries where money is just allowed to flood in to the parties, to individuals.

Chapter 2: Who is funding Reform UK and why is it significant?

116.022 - 138.117 Alastair Campbell

We're seeing it now with Trump in America. We saw it recently with Orban, who, when he lost, his kind of wealth was exposed. We've seen it with Putin, who has gone from being the guy who took over saying he was going to lead Russia in a more modern, Western direction, who's becoming allegedly one of the richest people on the planet. So I think this is going to be an important series.

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138.258 - 153.175 Alastair Campbell

I think it's timely because reform are on the march. And a lot of people who support them, I suspect, do see them as on their side, men of the people, women of the people, who in fact are becoming hugely wealthy through politics.

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153.155 - 165.725 Rory Stewart

It's an audio-only series, so something to listen to rather than to watch. And we'll also be putting out links and more details in the trip newsletter, which you can please sign up to by going in the episode to the description box and clicking on the link.

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165.885 - 169.915 Alastair Campbell

So here is episode one of Who Funds Reform? The Missing Millions.

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171.481 - 182.876 Rory Stewart

This episode is brought to you by Fuse Energy. Fuse has introduced the tracker tariff designed to give customers what matters most from their energy supplier, savings clarity and a bit more control.

183.056 - 193.911 Alastair Campbell

And it guarantees that your rates stay below the off-gem price gap, which saves you up to £200. And the tariff updates automatically every quarter.

193.891 - 201.967 Rory Stewart

Energy prices don't move in straight lines. Global events and market pressures you can't predict and certainly can't control still find their way onto your bill.

202.247 - 207.738 Alastair Campbell

And if you're on the wrong tariff, you can be stuck with higher rates after the pressure has ended.

207.898 - 214.631 Rory Stewart

With Fuse Energy's tracker tariff, that changes. If prices fall, your rate adjusts at the next quarterly update.

Chapter 3: What controversial contributions has Nigel Farage received?

294.23 - 322.178 Cat Neelan

Richard Theiss is going to inject new energy and lead the newly named Reform Party, while Farage rides off into the sunset. This isn't the first time Farage has stepped away from frontline politics, but he'll be back, perhaps sooner than anyone anticipates. Because just as Richard Theiss steps forward as the new leader of reform, the Conservative establishment begins to crumble.

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322.732 - 347.183 Nigel Farage

Let me say immediately that I've paid the fine and I once again offer a full apology. I am here to say to you, hand on heart, that I did not lie to the House when those statements were made. Clearly now the will of the parliamentary Conservative Party that there should be a new leader of that party and therefore a new Prime Minister.

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347.283 - 355.371 Poppy Bullard

I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.

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358.422 - 366.234 Cat Neelan

As the Conservatives disintegrate in a series of unforced errors, Reform becomes a magnet for figures across the right.

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366.775 - 395.123 Nigel Farage

I'm delighted to announce that I have found that champion of the Red Wall for Reform UK. He's also, coincidentally, going to be Reform UK's first Member of Parliament in the House of Commons. He is, of course, a person of great integrity, no-nonsense, and is the Member of Parliament in the County of Nottinghamshire for Ashfield. Please welcome Mr Lee Anderson.

396.985 - 411.48 Cat Neelan

The party starts to attract not just Conservative MPs, but former donors too. And then, on 22 May 2024... Now is the moment for Britain to choose its future.

412.102 - 419.995 Nigel Farage

to decide whether we want to build on the progress we have made or risk going back to square one with no plan and no certainty.

420.015 - 438.126 Cat Neelan

Standing behind a lectern in Downing Street, a rain-soaked Rishi Sunak announces a snap general election. The combination of an unpopular Conservative Party and a disaffected British public presents Nigel Farage with an opportunity too good to miss.

438.173 - 447.542 Nigel Farage

I'm coming back as leader of Reform UK, but not just for this election campaign. I'm coming back for the next five years.

Chapter 4: How has the political landscape changed for Farage and Reform UK?

1330.72 - 1334.185 Poppy Bullard

Yeah, other expenditure up at like... Seven million.

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1334.305 - 1345.63 Nigel Farage

Seven million, which is what we might expect that in a conservative return of a conservative account when they are accounting for 30, 40, 50 million pounds, for example.

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1346.183 - 1354.136 Cat Neelan

That's £7 million spent on, well, we have no idea. And short of someone telling us, no way of finding out.

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1354.576 - 1377.555 Nigel Farage

For a new party, albeit with a history, it is a huge figure. So a generous reading of it is that it is a start-up cost. An ungenerous reading is that it is just an awful lot of money, which we don't really know the provenance of. We can look through the Electoral Commission database to see, but we don't really know why they have and why they need that much money.

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1377.695 - 1396.305 Nigel Farage

And then if you move on to the accounts immediately afterwards. immediately following this, they go back to looking like a niche party again. They go back to looking like a party that raises, they raise one or two million pounds, if that. I think in one year even, it's not even in the millions yet,

1396.505 - 1417.756 Cat Neelan

And the most important thing to note about the Brexit Party's accounting in 2019 is that it's completely legal. 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. No one we spoke to during the reporting of this story wanted to, or could, tell us what the money was spent on.

1418.497 - 1437.373 Cat Neelan

Nor did Reform respond to our request for clarification. But there are a few things we know about that enormous sum. We know that around £10 million of it came from the man who will go on to define the prospects and trajectory of reform, Christopher Harborne.

1439.116 - 1457.022 Cat Neelan

He was propelled into the headlines last year when he made the biggest single political donation in British history to reform, £9 million. He's since topped that up with a further £3 million. But the truth is, he's been part of the project from the early Brexit party days.

1457.508 - 1465.161 Ben Habib

I met Christopher Harbourn in their office during those initial meetings and he had been a Conservative donor himself.

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