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. The Guardian’s ongoing investigation into the origins of Harborne’s riches and whether his donations inform Farage’s agenda has established the Thailand-based tycoon’s global web of commercial interests in the arms industry and military contracts. Among Harborne’s business collaborators are a striking number of former army officers, air force pilots, military officials and even, it seems, spies.
Described by his lawyers as an “intensely private” man, Harborne’s military interests reveal another side to the proprietor of a wellness sanctuary on a paradise island off Thailand. A businessman who works with Harborne’s jet fuel venture describes it as a top supplier to US military operations worldwide, “strengthened by former US Department of Defense specialists and retired US military pilots, bringing decades of operational and strategic expertise to every mission”. And Harborne is the biggest shareholder in what was once the research arm of the UK military, now a private company developing autonomous weapons.
At a moment when one of the biggest questions political leaders face is how much of the state’s resources to divert to military spending, Farage’s reliance on Harborne’s money presents a potential conflict of interest. Harborne has given Reform two-thirds of its funding, plus a £5m undeclared gift to Farage that the MPs’ watchdog is investigating. Sam Power, a political funding expert at the University of Bristol, said: “It doesn’t necessarily follow that Reform will have policies that will benefit Harborne’s interests in the military-industrial complex.
But it warrants a spotlight. It will be interesting if Reform’s policies start aligning with Christopher Harborne in this area as they have in cryptocurrency.” Harborne’s lawyers at the London firm Schillings said: “The policies or positions Mr Farage may choose to adopt are a matter for Mr Farage and the Reform party. Our client’s commercial interests are unconnected in any way whatsoever with his political affiliations.” After private school, Cambridge and stints at the McKinsey management consultancy and PepsiCo, Harborne moved to Thailand in the 1990s, made money in the markets, and set up on his own.
In 2006, he loaned £1.6m to a company called Subsea Resources, whose deep-sea operations were designed to salvage metal and artefacts from sunken shipwrecks and retrieve lost aircraft for governments. His loans “were made on an informal basis without legal documentation”, the company’s filing says, and he then exchanged them for shares, becoming a director in December 2006. Subsea Resources only had five directors.
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