Labour calls on Farage to ‘come clean’ over £5m gift and work with crime agency over money laundering concerns - UK politics live

Lib Dems tell Reform UK leader ‘the game is up’ as political rivals vow to boycott ‘stunt’ Clacton byelection

• https://www.theguardian.com/politics/2026/jul/07/revealed-farages-5m-gift-reported-to-uk-agency-over-money-laundering-concerns">Revealed: Farage’s £5m gift reported to UK crime agency over money laundering concerns

Good morning.

In a surprise announcement, yesterday Nigel Farage, the Reform UK leader, said he would resign from the Commons so that he could fight a byelection in the hope of being re-elected as MP for Clacton.

He thought a resounding win would somehow invalidate the parliamentary inquiry into claims that he broke parliamentary rules by not disclosing a £5m donation (and potentially other donations too).

But within hours all the main parties had said they would not be contesting the byelection, and it may be that Farage’s only notable opponent is Count Binface.

The Telegraph, a paper that is normally supportive towards Farage (although that seems to be changing a bit – perhaps because new owners have taken control?), sums up the situation well with its splash headline.

The £5m gift to https://www.theguardian.com/politics/nigel-farage">Nigel Farage by a cryptocurrency billionaire was reported to the National Crime Agency by bankers who were concerned it may have been laundered money, the Guardian can reveal.

The disclosure will put further pressure on the https://www.theguardian.com/politics/brexit-party">Reform UK leader, who is awaiting a decision by the standards commissioner over whether his failure to declare the money breached parliamentary rules.