Market
Impact of Musk's donation on Reform UK's next election performance
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Elon Musk•Tesla•Twitter•Nigel Farage•Reform UK•British•Farage•UK•Tory Party•Musk•Donald Trump•Keir Starmer•US
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Story
Elon Musk Considers $100M Donation to Reform UK, Sidestepping Laws to Back Farage
Dec 1, 2024, 06:59 PM
Elon Musk, the Tesla and X (formerly Twitter) boss, is reportedly considering a significant donation of $100 million to Nigel Farage's Reform UK party. This move aims to reshape British politics ahead of the next election, potentially aiding Farage in his bid to become Prime Minister. The donation, if realized, could have profound implications for the UK's political landscape, with some Tory Party officials and business executives believing there is a credible prospect of this financial support. Musk, who has previously spent $200 million supporting Donald Trump, has shown an active interest in UK politics, and this donation could be seen as a strategic play to influence UK politics, possibly as a response to current political figures like Keir Starmer. However, there are legal concerns regarding Musk's ability to donate as a US citizen, with some suggesting he might sidestep these laws through the UK branch of X.
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