Nigel Farage reports £270,000 payment for work as brand ambassador for gold bullion firm
Reform UK leader Nigel Farage has disclosed a significant payment from a gold dealer in the Register of Members' Interests. The amount was received for 12 hours of work performed as a brand ambassador.
Amalgamated from The Mirror (opens in new tab), Daily Mail (opens in new tab), The Mirror (opens in new tab)
Nigel Farage, the Member of Parliament for Clacton and leader of Reform UK, has disclosed a payment of £270,000 from the gold bullion company Direct Bullion. The figures were included in the regular publication of members' outside interests as required by parliamentary transparency rules.
According to reports from The Mirror, the payment was earned for 12 hours of work performed in Farage's role as a brand ambassador. This equates to an hourly rate of approximately £22,500.
The Daily Mail reports that this payment represents the largest single sum Farage has recorded for work outside his role as an MP. While his basic parliamentary salary exceeds £98,000 per year, members are required to declare all external earnings and roles to identify potential conflicts of interest.
The disclosure of the contract with Direct Bullion follows standard procedures for MPs who engage in private sector activities. The figures were released during the routine update of the Register of Members' Interests, which provides public notice of the commercial interests held by legislators.
Why this matters
The disclosure highlights the significant scale of income that some members of parliament can derive from private sector roles. These reports are part of a mandatory transparency system designed to ensure the public is aware of any external influences or financial interests held by elected officials.
What's confirmed / what isn't
All reported figures regarding the payment amount, the duration of work, and the specific firm involved are based on the official Register of Members' Interests. There are no conflicting reports regarding the source or nature of the income.
Background
The Register of Members' Interests is a formal record where UK MPs must declare any payments, gifts, or roles that could be seen to influence their parliamentary actions. Failure to disclose these can lead to investigations into potential breaches of conduct.