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Lord Stewart Jackson has accused Labour of hypocrisy after Cabinet minister Steve Reed demanded answers over Reform’s seventy-two million pound donations. Jackson hit back by highlighting a string of controversies surrounding government appointments and funding sources.
The political row erupted after Steve Reed claimed that donations from overseas voters must face strict caps because authorities cannot verify if money originates from hostile foreign states. Reed publicly challenged Reform to disclose precisely when its two mega-donors, Ben Delo and Christopher Harborne, moved back to Britain after each giving thirty-six million pounds to the party.
According to the reports, Reed stated: “Donations from overseas voters are capped because we can’t check if the money is from a hostile foreign state. So when did Reform’s two mega-donors move back to Britain? If these donations break the rules, Reform must return the money.” Reform has consistently maintained that the donations were entirely lawful at the time they were received.
Responding directly to the demands, working peer and former Conservative MP Lord Stewart Jackson dismissed the criticism as rank hypocrisy from the governing party. Jackson pointed to various high-profile appointments, union funding, and gifts received by senior figures across Whitehall.
These guys appointed Mandelson, have a tax avoider as Sec of State for DCLG, a convicted fraudster as Cabinet Office Minister, took millions from trades unions to write legislation, cash from Lord Ali for suits, glasses & freebies & Caymen Islands hedge funds. Mote in their eyes?
— Lord Stewart Jackson, Working Peer and Former Conservative MP, X @BrexitStewart
- Steve Reed demands Reform disclose when mega-donors Ben Delo and Christopher Harborne returned to Britain.
- Reform insists that the thirty-six million pound donations from each donor were lawful when received.
- Lord Stewart Jackson highlights government controversies involving trade union funding and high-profile appointments.
The exchange underscores growing parliamentary tensions regarding political party funding transparency, voter thresholds, and the scrutiny applied to large-scale political donors across the political divide.
Original source: Read the full report at X @BrexitStewart
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Quadrature Capital and Crake Asset Management are notable hedge funds that have funded the Labour Party, with Quadrature donating £4 million and Crake contributing over £5.5 million under Keir Starmer’s leadership.
Quadrature donated in a window just before the election meaning it didn’t have to be declared till well after the election. Stroke of luck there.
Or were they trying to hide the fact that Hedge Fund invests in Private Health till after the election.
Quadrature maintains significant holdings in the arms manufacturers Northrop Grumman ($31m) and Lockheed Martin ($6m); US private healthcare companies such as UnitedHealth ($31m) and HCA Healthcare ($16m); some of the largest asset management companies like Blackstone ($22m) and KKR ($7m), who potentially stand to benefit significantly from Labour’s plans to utilise private investment for infrastructure; and tech firms, including Palantir ($71m) and Oracle ($8m).
Quadrature has claimed that this £4 million was not a political donation. They say it was to support a social agenda. I do not believe them. I think this was all about supporting the interests of their hedge fund.
So, keep international stress high so that the arms industry has to do well.
And keep the opportunities for healthcare privatisation open.
Investigate this Reed.
Wes Streeting received money from the worst crypto fraudster in human history. A man named Sam Bankmanf Fried currently serving
25 years in an American prison for stealing billions upon billion of US dollars worth of crypto.
£500,000 of American peoples savings from Fried, who founded FTX.
Since assuming the role of Health Secretary in July 2024, Wes Streeting continued to receive tens of thousands in financial support from individuals and firms tied to private healthcare, prompting growing scrutiny over potential conflicts of interest.
Streeting, Labour MP for Ilford North, has accepted over £58,000 in office support from private health-connected sources since July alone. These are the latest additions to a staggering £372,000 total in declared donations from such entities since 2015 — averaging nearly £10,000 a month.
Among the most significant recent donations was £53,000 from OPD Group Ltd in February, owned by Peter Hearn, whose businesses facilitate senior NHS and private healthcare recruitment. That same month, Streeting accepted £5,000 in campaign support from Sir Trevor Chinn, advisor to a firm with private health investments.
Hearn also gave Yvette Cooper half a million. Lucky she has just been appointed as Health minister.