Reform UK

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Prime Minister Keir Starmer said Friday he would remain in office despite heavy defeats for his Labour Party in the UK's local elections. The results showed significant gains for Nigel Farage's Reform UK party across England.

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The UK government has introduced strict new rules capping political donations from British citizens abroad at £100,000 annually and imposing an immediate moratorium on cryptocurrency contributions. The measures, prompted by scrutiny of large gifts from a Tether-linked billionaire to Reform UK, aim to curb foreign financial influence. Communities Secretary Steve Reed described the threat as more acute due to tracing challenges with overseas funds and crypto.

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