Reform UK has leapfrogged both Labour and the Tories to secure the largest amount of political donations in Quarter 3 of this year. New figures from the Electoral Commission reveal that Mr Farage’s party took in more than the Tories and Labour combined between July, August, and September.

The insurgent party raked in a whopping £10,293,511 in the three months, excluding public funds. The vast bulk of the eye-watering sum came from just one man - Christopher Harborne - who gave £9 million to Mr Farage’s party on August 1st. Mr Harborne is a British crypto entrepreneur based in Thailand. He has made a number of huge donations to British politics over the past few years, including giving more than £6 million to the Brexit Party in 2019, and £1 million to Boris Johnson in November 2022.

Reform also took just shy of £500,000 from their treasurer Nick Candy, £50,000 from Viscountess Rothermere - the wife of the owner of the Daily Mail - and £36,000 from Heathrow Airport.

The Tories took in over £7 million, but just £4.6 million of this was from donations, the rest coming from taxpayer-funded allocations.

The Labour Party took just over £2 million in the same period, less than one fifth of Reform’s earnings.

In total political parties registered in the UK have reported accepting more than £24 million in the third quarter of this year, up from £10m during the same quarter last year.

Jackie Killeen, Director of Electoral Administration and Regulation, said: “The UK political finance system has high levels of transparency, and we know that voters are interested in where parties get their money from. This quarterly publication is an important part of delivering this information for voters.

“However, we know there are parts of the system that need strengthening, and we have been calling for changes to the law for some time. The UK government’s proposed reforms to the political finance regime have the potential to improve the strength of donation controls and help ensure voters can have confidence in the political finance system.

"We will continue to work with the government so that any changes are evidence-based and workable in practice.”