Labour considers political donation cap amid fears of Musk $100m handout to Reform UK
Labour considers political donation cap amid fears of Musk $100m handout to Reform UK
Elon Musk is reported to be plotting the £79m donation, which would be by far the largest in British electoral history, via the British arm of his social media firm X
Labour is considering capping political donations by individuals and private companies amid reports Elon Musk will hand a $100m donation to Nigel Farage’s Reform UK.
The Tesla tycoon is said to be plotting the £79m donation, which would be by far the largest in British electoral history, via the British arm of his social media firm X.
According to The Sunday Times, leading businessmen and Conservative Party officials believe Musk could hand over the cash as a “f*** you Starmer payment” in his ongoing feud with the prime minister.
It would give Mr Farage’s insurgent Reform a significant financial advantage over Labour and the Conservatives and be enough to fund a near-endless barrage of attack ads against the government.
But the government is considering recommendations in an upcoming report by the Institute for Public Policy Research (IPPR) think tank that would cap individual and corporate political donations at £100,000 a year.
The Guardian reported that officials have asked for more details on the proposals, though work is at an early stage and any changes would unlikely be made until late in the parliament.
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The potential donation cap comes as Mr Musk and Mr Farage grow increasingly close, with the Reform leader describing the billionaire Trump ally as “my new friend” last week.
So they should. Billionaires buying themselves parties is an abuse of the democracy.
Billionaires are trying to buy permanent power across the world.
Avoiding this should be top prio for any government and ultimately every governed people. But I have my doubts, given the amount of hero worship these folks already bought themselves.
i don't think you understand who runs these governments and that pleb class about zero sway over any policy beyond something blowing up enough and them doing some half, later reversed "solution" that fucks us even harder.
The current system is very profitable for companies like Drax that survive off of government subsidies so spend a lot on bribes (oh sorry, lobbying, it's completely different I'm sure) for people in power to make such they keep these subsidies. Of course I imagine most MPs would be against this cap as it'd decrease their pay.
Ohh so when Russians and Chinese and Arabs are doing it is kewl...
But when American alpha mega daddy Chad nepo baby wants to do it, now we talking caps?
Hmmm... Interesting...
They did say it was the largest ever.
There's a difference between say the Chinese buying a politician the equivalent of a pint so they think positively of them and someone outright buying the election as long as you pledge to be a Nazi.
He should anonymously fund his own personal think tank like all the other American billionaires
How do we know he aint doing it?
Pretty sure hi and Theil are already on it