Will Labour rise to the challenge from Musk?

Posted on

As Yahoo has reported:

Elon Musk is reportedly planning to make a $100 million donation to Reform UK as a “fuck you” to Keir Starmer.

According to the Sunday Times, the tech billionaire could funnel the cash through the British arm of his social media platform X to get round rules banning foreigners from giving money to British parties.

If Labour had any sense it would take this threat very seriously and then do four things:

1) Ban corporate gifts above £5,000 to any political party in a year, treating a company and all its related entities as one company for this purpose.

2) Ban any gift to a political party of more than £5,000 from a person and their related parties in a year.

3) Start the  state funding of political parties, within strictly limited budgets.

4) Begin electoral reform.

That is what I would expect any democrat to do. The system is clearly at risk from Musk.

Will Labour take action? Who knows. But we will know they don't reality believe in democracy if they don't.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    BlueSky

    @richardjmurphy.bsky.social

    Instagram

    @RichardJMurphy