Reform UK leader Nigel Farage faces investigation over a £5 million gift from crypto billionaire

► The Parliamentary Standards Commissioner has opened an inquiry into whether Reform UK leader Nigel Farage breached the House of Commons Code of Conduct over the gift. Mr Farage received the money weeks before announcing he would stand as a candidate in the 2024 general election. He has claimed the gift was to cover his personal security costs, meaning he did not need to declare it. Other parties believe the money falls within the rules requiring MPs to declare any relevant gifts they received in the 12 months before entering parliament. A Reform UK spokesperson said: “Mr Farage’s office is in communications with the parliamentary commissioner for standards. He has always been clear that this was a personal, unconditional gift and no rules were broken. We look forward to this being put to bed once and for all.” ​ ► Have you subscribed to 5 News?: http://bit.ly/5NewsSub ► Follow 5 News on Twitter to keep up to date with the latest news - https://twitter.com/5_News Message us on Facebook to share your opinion - https://www.facebook.com/c5News See our latest pictures and videos on Instagram - https://www.instagram.com/c5news/ ► About 5 News: We bring you the stories that matter to you, from around the world and across the UK. 🎥 We post daily playlists with the biggest news of the day, interviews, special reports and investigations. 📺 Catch us on TV on Channel 5 every weekday 5-6pm 📱 Get in touch with us on WhatsApp at +44 7555 500 501 🎧 Listen to "How Did We Get Here? Explaining The News" wherever you get your podcasts: https://podfollow.com/how-did-we-get-here-explaining-the-news Our flagship, hour-long programme at 5pm is watched on Channel 5 by up to a million viewers, with regular news updates throughout the day. ITN changed the TV news landscape when it launched 5 News in 1997, producing Five News for nine years before winning the contract to supply news to Channel 5 again from 2012.