Ministers are under pressure to rethink political donation rules following Elon Musk's potential donations to Nigel Farage's Reform UK. Key figures, including anti-corruption champion Margaret Hodge, are advocating for reforms to restrict foreign donations, especially through UK-based companies. However, some government officials worry that hastily implemented changes could backfire, giving Farage an opportunity to portray himself as a victim of the establishment. Labour's reform plans are not expected until next year, adding to the uncertainty surrounding this issue.
One government source emphasized that 'We’ll beat Reform by defeating their arguments rather than changing the rules to stop them getting money from Elon Musk.' This highlights a strategic preference for countering populist narratives through robust debate rather than legislative action that could appear as manipulation in favor of the establishment.
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