Reform UK denies donor and crypto-billionaire’s global interests in arms and military could present a conflict of interest over its defence spending policy

As he struggles with questions about the millions he has received from the billionaire Christopher Harborne, Nigel Farage has made no secret of his enthusiastic support for the industry that made part of his benefactor’s fortune – cryptocurrency. The Reform UK leader even urged the governor of the Bank of England to drop a crypto policy that may be costly for Harborne.

But another element of Harborne’s business interests could prove still more consequential if it shapes Farage’s positions. There appears to be no precedent for a major UK donor who is so entwined with the military.

State department says it has reached administrative settlement with company’s US arm to resolve breaches

The UK defence company BAE Systems is to pay a $36m (£26.7m) civil penalty after breaching US arms exports regulations more than 100 times.

The US Department of State announced on Thursday that it had reached an administrative settlement with the US arm of BAE to resolve 104 violations of the Arms Export Control Act and the International Traffic in Arms Regulations.