Mr Musk, the billionaire tech mogul, met with Reform leader Nigel Farage in December amid speculation he is poised to significantly bolster the party's coffers.
Labour is reportedly trying to prevent Elon Musk from donating a potential $100 million to Reform UK by drafting new restrictions on foreign donations. The government is considering limiting political donations based on a company's profit or revenue generated in the UK. These potential restrictions are partly motivated by concerns about Musk's possible donation to Reform UK prior to the next general election. The government is hoping to pass the new legislation before then, however the plans could face obstacles.
