Billionaire Nick Candy has ditched the Tories, pledging to bankroll Nigel Farage’s Reform U.K. with record-breaking funds in a bid to crown him Britain’s next prime minister. The Independent has more.
After speculation that X owner Elon Musk was about to give Reform £80 million, Mr. Farage has produced a different donor who intends to break fundraising records.
London property magnate Nick Candy, who previously bankrolled Tory campaigns including Shaun Bailey’s attempt to become London Mayor, has joined his famous Australian singer/actress wife Holly Valance as a member of Reform U.K.
Mr. Candy, who is friends with Mr. Farage, Donald Trump and Boris Johnson, will be the public face of a number of wealthy donors and plans to celebrate his official defection by hosting a major lunch with other potential donors and Mr. Farage today in London.
Speaking to the Independent last night, he said: “I will also raise Reform more money than any political party in the U.K. has ever raised. Nigel will be the next PM of the U.K.”
He added: “There will be a massive exodus all coming to Reform.”
Mr. Candy has been close to Reform through his wife for a number of months and helped raise money for them and President Trump a few months ago. It is understood though that he had waited to see who won the Tory leadership election before making a final decision to jump parties.
His defection will be a blow to new leader Kemi Badenoch who has started her leadership having to fight off the continued threat from Reform both in the U.K. and in the way it affects Tory relations with Trump’s Republicans in the U.S.
The Conservatives have been forced to cut down on the number of staff because of a shortage of funds and another rich donor going elsewhere will be a problem.
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