Musk mulls backing Farage's reform UK amidst US‑UK political ties
British media report that Elon Musk, a well-known billionaire and close associate of the US President-elect Donald Trump, is considering financial support for Nigel Farage's party, Reform UK. This potential donation has been covered by major publications such as the "Financial Times" and "Daily Telegraph".
Speculation about financial support from Elon Musk arose after Nigel Farage mentioned that the American businessman is "seriously considering" donating to Reform UK.
Farage, known for his Brexit campaign, seeks to strengthen ties with the US President-elect.
Earlier this week, the Briton and the new party treasurer, Nick Candy, visited Donald Trump at his Mar-a-Lago residence in Florida. Following their meeting, Farage posted a picture with Musk on social media, fueling speculation about possible financial support.
Financial plans of Reform UK
Nick Candy, the new treasurer of Reform UK and a former donor to the Conservative Party, announced that by 2025, the number of Reform UK donors will exceed those supporting the Tories. Currently, about 130,000 people support the Conservative Party, while Reform UK has approximately 100,000 supporters.
In the July parliamentary elections, Farage's party secured 14.3% of the votes, which translated into five seats in the House of Commons. Reform UK aims to win the next elections, which will be held no earlier than 2028.
Research findings from the London School of Economics, cited by British newspapers, indicate that the UK's exit from the EU did not have as negative an impact on British trade as previously predicted.
