Nick Candy, a billionaire property developer, has joined Nigel Farage's Reform party as its treasurer and pledges to disrupt British politics with significant funding from himself and other wealthy backers, including Elon Musk.
Nick Candy, the new treasurer of Nigel Farage’s rightwing Reform party, has promised Britain “political disruption like we have never seen before” as he claimed to have several other billionaire backers in addition to Elon Musk . The property developer told the Financial Times that he would “raise more money than any other political party” and that Reform would have more members than the Conservative party within three months as it drew disillusioned Tory and Labour voters.
“We have a number of billionaires prepared to donate to the party, not just Elon,” Candy said. “The Reform Party is the disrupter — this is the seed round, the series A. This will be political disruption like we have never seen before.” “The oldest political party in the world will be overtaken by the youngest political party on the planet,” he added. Many in Westminster fear that a financial intervention from Musk could have a significant and lasting impact on British politics, giving Reform the resources to transform itself into an established vehicle for power. The party has just five MPs, but it came second in 98 seats in the July general election, 89 of those seats were won by Labour. After meeting Musk this week at US president-elect Donald Trump’s Mar-a-Lago residence in Florida, Farage said the owner of Tesla and X was giving “serious thought” to making a donation. Foreigners can give money to UK political parties through British businesses they own, but are forbidden from donating directly. The Electoral Commission, the UK’s elections watchdog, is in discussions with the government about changing the law to ensure only profits made in the UK can be donated to parties — a move backed by Sir Keir Starmer’s adviser on ethical standards. Lucy Powell, leader of the House of Commons, confirmed on Sunday that the government would introduce legislation as early as next year to ensure political donations were “fair and robust”
NIGEL FARAGE REFORM PARTY ELON MUSK POLITICAL DONATIONS BRITISH POLITICS
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