An astonishing 80 per cent of donations to Reform UK in the past 12 months have come from donors or companies recently based overseas, The Independent can reveal.

An analysis of data from the Electoral Commission shows the amount received from donors who were based abroad in the past two years by Nigel Farage’ s party dwarfs that of other parties amid growing concern about overseas influence in British politics.

In comparison, Labour and the Conservatives received just 0.15 per cent and 3.57 per cent of their donations from people or companies based abroad respectively during the same period.

While there is no suggestion of any illegal activity, Labour Party chair Bridget Phillipson said the scale of Reform’s reliance on donations from wealthy overseas backers “raises further questions about the party’s financial affairs”.

It comes after Reform UK was given two record-breaking donations of £36m each last month from cryptocurrency billionaires Ben Delo, who was previously based in Hong Kong but moved back…