Nigel Farage’s Reform The UK Party has announced its willingness to raise funds from wealthy offshore adversaries in low-tax jurisdictions such as Monaco, the United Arab Emirates and Switzerland, and to use the UK’s LAX funding rules to strengthen its financial resources.
The right-wing populist party is trying to collect money from British expatriates who can donate in their own name and from rich foreigners in the UK businesses that can be used to concentrate their donations, said Nick Candy, the reform treasurer.
Real Estate Developer Candy told the Financial Times that the efforts include locations such as Human Island, Guernsey and Jersey. “We do events in restaurants, people’s private homes, yachts,” he said.
He added that reforms “have no problem raising money from those who want to help.”
“You must either join the UK election register or overseas election register or have a UK trading company,” Candy said. “There are a lot of people in Monaco, Switzerland, the Isle of Man and Guernsey who can meet both the criteria for donating.”
The fundraiser, best known for his success as a Brexit campaigner, is seeking to convert reforms to electoral power that can seriously challenge the upcoming general election expected in 2029.
The first test of reform will take place next week as they hope to make great profits from the May 1st local and mayoral elections across the UK, as well as the Runcorn Capitol elections.
Candy said he personally led a fundraiser for the runcorn by-election for £200,000 with his own money.
However, since winning five parliamentary seats last July, the Farage’s party has yet to disclose any major ticket donations, despite being tied to the government’s Labour Party ahead of the Conservative Party, the traditional rights party in Britain.
The reform raised £280,000 in the final quarter of 2024. This is available in numbers compared to Tories, which raised £2 million, and workers who secured £1 million.
Candy, who became treasurer in December, said the party secured millions of pounds in the first quarter of this year.
“The biggest Tory donors are talking to us and they are ready to switch to reform, but looking at the results on May 1st, the switch will be easier,” Candy said, but he refused the name.
Kandy said he hopes that around 20 people will each reform £1 million before the next general election.
The Reform Treasurer said he traveled to the UAE “every weekly” in business and last week received a donation of £100,000 from a foreigner with a UK-based financial business.
He had a meeting with energy department executives last week, adding that he has since donated £100,000, indicating that he would give up to £1 million to the party.
The reforms said the UK was targeting donors in the oil and gas sector that were “very disillusioned” due to the high levels of taxation currently applied to industry interests. The reforms have criticised the UK’s net zero target, and Farage has recently said it will be the “next Brexit.”
The offshore fundraising drive has sparked criticism from Tories who struggle to dodge agriculture and reform after losing power in the worst election loss last year.
“Farage draws pints on the camera runcorn, but he would rather have had toast in Monaco,” said one Tory. “It’s all Merseyside flat caps and Monte Carlo flat white. Reform wants normal people to vote, but it’s offshore accounts that get follow-up calls.”
Over the past few years, Candy said the UK had “the largest brain drain in history” as wealthy residents left to reform its jurisdiction of sorts.
He cited an FT interview with Egyptian billionaire Nassev Sawilis, who denounced Tories’ “incompetence of the year” for tax changes that led them to leave the UK for Italy and Abu Dhabi.
The Conservatives have said that the government would abolish the UK’s favorable non-dom tax system, but policy labor has since been implemented.
“The non-domes don’t want to leave, they just have better options these days,” Candy said. Candy said he is a UK tax resident.
Earlier this year, the reforms sought a donation from Tesla boss and adviser to US President Donald Trump, Elon Musk.
The failure of the discussion with the sour mask of the Faraage turned attention to the fact that foreigners could donate to British political parties as long as the UK electoral system is given money by the UK registrar.
There is no limit to the amount given in this way, or the amount given by the British citizens in their own name. However, there are strict spending rules during the campaign period during the election preparation stage.
Kiel’s advisor to Prime Minister Starmer on Ethical Standards has asked the government to restrict donations made by companies in the UK over the past two years.
British citizens who have lived abroad for more than 15 years were previously not permitted to donate or vote, but Tories removed the ban in 2022 ahead of the 2024 general election.
