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The Slow Newscast

Nigel Farage and the five million pound gift: what's wrong with that?

The Slow Newscast

Alice Sandelson

News Commentary, British Politics, Journalism, Us, Documentary, American, Investigations, Uk, International, News, Usa, Society & Culture

4.6894 Ratings

🗓️ 14 May 2026

⏱️ 22 minutes

🧾️ Download transcript

Summary

It was recently revealed by The Guardian that before he stood to be an MP in 2024, Nigel Farage received a £5 million gift from billionaire Christopher Harborne. But is there anything wrong with that?

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Transcript

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0:00.0

The Observer. Hello, I'm James Harding. I'm the editor of The Observer and welcome to the slow newscast extra.

0:16.0

There's one of those old jokes in newsrooms that we spend a lot of time reporting things that we find interesting

0:23.1

but don't understand at the expense of things we do understand but perhaps are not so interesting

0:27.9

and this week when the drama of Downing Street is consuming everyone's attention in Westminster

0:34.9

we are deliberately going to put our attention elsewhere. I'm joined

0:39.1

by the great John Unger Thomas, who's one of the great investigative reporters in this country,

0:44.6

and I'm proud to say out the observer. And we're trying to dig in to understand the strangely

0:50.8

underreported fact that a billionaire who's made his fortune in crypto, who lives in Thailand,

0:59.0

who's given probably more than 20 million pounds to British politics on the right,

1:06.0

and a five million pound gift, quote unquote, to Nigel Farage, is getting quite so little attention

1:14.7

and yet seems to be one of the strangest moments of financing politics that I can remember.

1:21.1

And so this is really an attempt to try and make sense of that, to understand it.

1:25.3

John, where do we start?

1:29.5

Well, I suppose we start with Chris Harbourn, dare we? He's made a lot of his money from cryptocurrency. So he's got interest in

1:35.1

aviation, but he's got a very significant stake in a cryptocurrency company called tether.

1:47.0

Now, Nigel Farage, as we know, is a big champion of cryptocurrency.

1:54.0

And any money that Mr Harbourn gives to the reform party has to be disclosed

2:01.6

because clearly it could be a conflict of interest here

2:03.7

and he has given more than 22 million pounds to reform

2:07.7

but is it reform what's reform and the Brexit party

2:12.2

I think it's just to reform

2:15.1

because I think it's before it became the

...

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