Politics
Entrepreneur Simon Galbraith donates £500,000 to Restore Britain party
The contribution marks the first major financial backing for the party founded by MP Rupert Lowe.
The short version
- Tech entrepreneur Simon Galbraith donated £500,000 to Rupert Lowe's Restore Britain party through Cade Hill Investments.
- The donation provides initial financial backing as Restore Britain seeks to challenge Nigel Farage's Reform UK.
- Restore Britain has previously indicated plans to field candidates against Reform UK, though Lowe has also proposed policy cooperation between the parties.
Key facts
- Simon Galbraith contributed two £250,000 donations to Restore Britain through his firm Cade Hill Investments.[The Guardian]
- Rupert Lowe, an MP who exited Reform UK to create Restore Britain, publicly announced the £500,000 donation on Tuesday.[The Guardian]
- Galbraith stated he made the contribution due to concerns over state centralization, political incompetence, and national decline.[The Guardian]
- Restore Britain has previously announced intentions to run a candidate against Nigel Farage in Clacton if a by-election occurs following an ongoing standards probe.[The Guardian]
What remains uncertain
- It remains uncertain whether Restore Britain and Reform UK will run competing candidates or reach a political agreement ahead of future elections.[The Guardian]
Sources
- UK entrepreneur makes £500,000 political donation to Restore BritainThe Guardian - World