Business & Finance
UK to Toughen Up Political Donation Rules in Latest Crackdown
Key Points
UK to Toughen Up Political Donation Rules in Latest Crackdown Political donors will need to wait a year after returning to the UK before they can give more than £100,000 ($133,510) as part of a proposed crackdown on offshore political finance that threatens to hit Nigel Farage’s Reform UK. The UK government plans to introduce the measures that will also mean tougher checks for companies wanting to donate, assessing them against their post-tax profits rather than revenue to ensure they are...
UK to Toughen Up Political Donation Rules in Latest Crackdown
Political donors will need to wait a year after returning to the UK before they can give more than £100,000 ($133,510) as part of a proposed crackdown on offshore political finance that threatens to hit Nigel Farage’s Reform UK.
The UK government plans to introduce the measures that will also mean tougher checks for companies wanting to donate, assessing them against their post-tax profits rather than revenue to ensure they are legitimate UK-linked businesses, a government statement said on Monday.