Nigel Farage reported to standards watchdog over alleged crypto lobbying at Bank of England
By
Rowena Mason, Tom Burgis
Summary
Nigel Farage, leader of Reform UK, has been reported to the parliamentary standards watchdog over allegations he lobbied the Bank of England governor Andrew Bailey to drop plans for a state-run digital currency alternative. The concern stems from a private meeting where Farage allegedly acted on behalf of Christopher Harborne, a major party donor who has given £15m to Reform UK and an undeclared £5m gift to Farage personally. The digital currency plan could have been costly for Harborne's business interests. The complaint questions whether this constitutes a breach of parliamentary rules regarding lobbying.
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Key quotes
· 2 pulledThe Reform UK leader has said his party's major donor, Christopher Harborne, wanted nothing in exchange for the £15m he donated to the party
But Farage used a private meeting at the Bank to urge its governor, Andrew Bailey, to drop plans for a state-run alternative to the digital currency
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