Official statements or press releases from major UK political parties

Elon Musk Eyes $100 Million Donation to Farage's Reform UK to Boost PM Bid

Dec 2, 2024, 07:31 AM

Elon Musk is reportedly considering a $100 million donation to Nigel Farage's Reform UK party to support Farage's bid to become Prime Minister. The potential contribution from the Tesla and X (formerly Twitter) CEO, who previously spent $200 million supporting Donald Trump's campaign, could significantly impact the British political landscape ahead of the next general election. Musk's father, Errol Musk, has expressed support for the idea. Speculation suggests that Musk could use the British branch of X to facilitate the donation, potentially sidestepping overseas donation laws, though there are concerns about legal implications since Musk is a US citizen. In response to the reports, Reform UK's deputy leader Richard Tice stated they would not turn down a legal donation. The rumored donation has prompted reactions from political figures, with discussions about the government considering capping political donations to limit foreign influence.