Political donors could be subject to tighter residency rules following major donations made to Reform by two British crypto-billionaires who have both recently lived outside the UK.
The donations to Reform totalled £72m, according to the supplied material. The development has been linked to potential changes in the rules governing the residency status of people who give money to political parties.
The available information does not name the donors or set out the precise form any tougher rules could take. It also does not specify whether the possible changes would apply to all political donors, particular categories of donors, or donations above a certain level.
The issue centres on the relationship between political funding and residency. If stricter rules were introduced, they could affect the eligibility of some individuals to make donations, depending on how any new requirements were drafted.
Reform is the party identified in connection with the £72m in donations. No response from the party, the donors or officials considering the possible changes was included in the supplied material.
The latest known position is that political donors could face tougher residency requirements, but no confirmed rule change, timetable or detailed proposal has been provided in the material available.
