The cryptocurrency billionaire Ben Delo donated almost $50 million to the British party Reform UK, The Telegraph reports.

This is the largest one-off donation ever made to a British political party. According to Delo, he gave the money to ensure a "fair fight" in the 2029 general election.

Following the donation, Reform UK raised five times more funds this year than the Conservative Party, and more than six times more than the Labour Party.

Party leader Nigel Farage said he was "extremely flattered" by the contribution.

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