# The £72m question Labour keeps ducking

> Two crypto billionaires handed Reform UK £72m in a weekend, and now Labour's own side is demanding a cap on domestic donations.
- Title: The £72m question Labour keeps ducking · the Guardian
- Summary: Two crypto billionaires handed Reform UK £72m in a weekend, and now Labour's own side is demanding a cap on domestic donations. The elections bill caps…
- Keywords: party funding, reform uk, labour, donations cap, trade unions, news, world, 72m, question, keeps, ducking, the Guardian
- Source: the Guardian — https://theguardian.com/politics/2026/sep/13/reform-uk-donations-new-bill-retrospective-effect-angela-rayner
- Published: 2026-09-13T17:50:08+00:00
- Read time: 2 min
- Topics: party funding, reform uk, labour, donations cap, trade unions, news, world
## £72m lands in a weekend
Two crypto billionaires, Christopher Harborne and Ben Delo, gave Reform UK £36m each. Reform says every penny of it is within the law.
## Burnham holds the line
The PM once backed caps on domestic donations. He has declined to put any into the elections bill now heading back to the Lords.
## Labour MPs vent on WhatsApp
Backbenchers are angry the government let the bill pass the Commons last week without restricting domestic money, days before the Reform windfall.
## Both donors lived abroad
Harborne holds UK and Thai citizenship. Delo recently moved back from Hong Kong. When he returned, and whether Harborne still lives in Thailand, is unclear.
## Rayner points to a future bill
The communities secretary suggested the donations could be caught by new rules applying retrospectively to donors based outside the UK.

> This is an issue that has been raised about protecting our democracy from foreign interference
## Not the right vehicle
A No 10 source said ministers won't delay a bill that gives 16-year-olds the vote, but promised the argument isn't finished.

> not the right vehicle but this is not the end of the story
## The union slippery slope
Unions, GMB especially, blocked a domestic cap, fearing a future right-wing government would use the same power to choke union donations to Labour.
## The union wall cracks
Unite now backs a cap on individual donors. Unison's Andrea Egan said the movement will fight Farage's billionaire backers every step of the way.

> For individual donors there must be a cap
## A £100,000 ceiling
Stella Creasy's amendment would cap most domestic donations at £100,000 a year. It never reached a vote once ministers promised a taskforce review.
## Peers get another shot
Creasy is working with peers to revive the cap in the Lords. Labour's Michael Wills wants the government to name a deadline for its review.

> it offers an unmissable opportunity to say when that review will complete its work
## Rich donors want limits too
John Caudwell, a 2019 Tory donor, and Labour backer Dale Vince both called for a cap. Vince wants publicly funded politics as the end goal.

> Ridiculous sums of money don't level the playing field, they distort it
## Reform says bring it on
The party is "100% confident" the money is safe even under the new rules. Robert Jenrick called it a breakthrough that makes Reform battle ready.

> No one wants the UK to become a country for hire in the way Reform is clearly a party for hire
## Key takeaway

The elections bill caps foreign money but leaves UK-based donors untouched, so the £72m that triggered the row would sail straight through it.