Reform UK denies donor and crypto-billionaire’s global interests in arms and military could present a conflict of interest over its defence spending policy

As he struggles with questions about the millions he has received from the billionaire Christopher Harborne, Nigel Farage has made no secret of his enthusiastic support for the industry that made part of his benefactor’s fortune – cryptocurrency. The Reform UK leader even urged the governor of the Bank of England to drop a crypto policy that may be costly for Harborne.

But another element of Harborne’s business interests could prove still more consequential if it shapes Farage’s positions. There appears to be no precedent for a major UK donor who is so entwined with the military.

The pattern in the US and Britain is clear. They serve up stunt after stunt to mask incompetence and the betrayal of all those who trusted them

It’s a shame Nigel Farage ducked the announcement of his victory in the Clacton byelection, which confirmed his return as MP for the seat he had needlessly resigned from just a few weeks earlier. You’d have thought he would have loved it. It was the culmination of a stunt, an exercise in politics as performance. It was a display animated by – and seeking to inflame – grievance, a million miles away from the hard, grinding work of tackling the problems that underlie those grievances. It was an attempt to deflect scrutiny, distract attention and evade responsibility. It was, in other words, everything nationalist populists like him excel at. Indeed, the only thing.

Reform UK said Farage stayed away because Essex police had warned of a “credible threat” to his security, a claim swiftly denied by Essex police. (Add a flexible approach to the truth to that list of nationalist populists’ talents.) Still, it was a slightly odd claim to make. Recall Farage’s favoured explanation – there are others – for the undeclared £5m gift he received from the Thailand-based crypto billionaire Christopher Harborne, which prompted the very parliamentary investigation that so riled the Reform leader he felt compelled to quit his seat and seek a preemptive not guilty verdict from the people of Clacton: namely, that he needed the money to pay for private, enhanced security. It seems £5m was not quite enough to ensure the lucky recipient would be safe standing next to a man dressed as a bin.

Jonathan Freedland is a Guardian columnist

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