Bank of England governor says he is ‘able to spot’ lobbying after Farage crypto meeting

Jul 08, 2026 - 15:20
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Bank of England governor says he is ‘able to spot’ lobbying after Farage crypto meeting

Exclusive: Andrew Bailey says no policy changes were made as a result of pressure from crypto tycoon-backed Reform leader

The governor of the Bank of England has broken his silence about the pressure Nigel Farage put on him to drop a cryptocurrency policy that could be costly for Reform UK’s billionaire backer, saying he is “able to spot” and resist lobbying.

Andrew Bailey’s comments, in a letter seen by the Guardian, come as Farage’s decision not to disclose a £5m gift from the Thailand-based crypto tycoon Christopher Harborne has triggered the biggest crisis of his political career.

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