The Lowdown from Nick Cohen

Trump has swamped the U.S. in corruption - Nick Cohen argues that the UK must act now to escape the same fate Nick Cohen delves into the history of past political donations as he argues that the UK must do all it can not to be plunged into the brazen corruption of Donald Trump's crooked White House.The controversial gift of £1 million to the Labour Party by former Formula One boss Bernie Ecclestone produced an exception to a tobacco-advertising ban for Formula One. Uniquely among Western democracies, Britain also lets money purchase a seat in the legislature through peerages; the odds that such honours were coincidental were once put at winning the lottery jackpot five times running. Because big money in politics was never cleaned up, Cohen says, we now live in an age of extreme wealth in which sums that are rounding errors to crypto billionaires can buy an entire party.CRYPTO-SLEAZE & REFORMNick says there is rightly deep concern over the unprecedented funds being showered on Reform by shadowy foreign-based: Christopher Harborne a main investor in the Tether stablecoin firm, has recently pledged £36 million, on top of an earlier £5 million personal gift to Farage, and earlier donations to Reform totalling £12million. The total amount to Reform and Farage would total a staggering £53 million! The Harborne £36 million is being matched by another crypto-billionaire, Ben Delo, co-founder and former chief executive of BitMEX. Delo pleaded guilty in 2023 to U.S. anti-corruption charges over failed anti-money-laundering controls and was later pardoned by Donald Trump. Farage, whom Nick Cohen calls Trump’s acolyte, then lobbies the Bank of England against a digital pound that would compete with his patrons’ products and presses for capital-gains-tax cuts on crypto. Both Harborne and Delo have indicated they will move back to the UK so their huge donations can be valid, and legally made under current UK electoral law.Labour, despite a huge Commons majority, is not closing the loophole that currently allows foreign based donors to move to the UK in order to make a donation because it too lives off big money. An insider account of the 2024 campaign records Angela Rayner’s proposed ban on foreign donations being pulled after Labour’s then-biggest donor, Lord Ali, objected. Nick finds a mere foreign-donor ban inadequate anyway: money has no smell, and a gift from Thailand or Hong Kong does not become virtuous if the donor moves to Britain. He wants a hard cap on donations regardless of source—even if that hurts trade unions—plus more public funding of parties, building on existing Short Money. If a Labour government will not do that, he asks, what is the point of it? Hosted on Acast. See acast.com/privacy for more information.

Labour must take on Farage and the UK's new blackshirts but where is Andy Burnham?Hundreds of anonymous men turn up at Dover dressed in black shirts and balaclavas; Reform leader and Brexit con artist Nigel Farage threatens to scrap the House of Lords, purge the civil service and judiciary and use emergency decrees to pass sinister legislation if he ever takes power; women hecklers are beaten with a crutch during a Farage conference speech and grabbed by their hair by thugs and dragged out of the hall - but the silence in the face of these outrages from the Labour government is deafening.Nick Cohen says that Labour must take off its kid gloves in dealing with Farage and co and take on the forces of the radical right full on. Nick argues that Burnham cannot make the same mistake as Keir Starmer and flunk these crucial challenges to democracy and true British values for fear of upsetting voters who are currently attracted by Farage. Hosted on Acast. See acast.com/privacy for more information.

THE RIGHT & THE RISE OF INTOLERANCENick talks about the the rise of intolerance and the suppression of debate, highlighting how both right and left-wing political movements are moving toward authoritarianism by excluding individuals who disagree with core policies. He gives specific examples including Kemi Badenoch's statements that Conservative candidates must accept Net Zero targets and European Convention on Human Rights, and Amnesty International's controversial report targeting organisations that disagree with gender ideology. Nick argues that while these movements claim to be protecting their respective ideologies, they are actually demonstrating intellectual decline by using fear and exclusion rather than debate to win arguments, and suggested that the public will ultimately reject such authoritarian approaches. Hosted on Acast. See acast.com/privacy for more information.

THE MAINSTREAM MEDIA MUST NOT FALL FOR NIGEL FARAGE'S LATEST RUSENick Cohen addresses the mainstream media's missed aspect of the story regarding Nigel Farage's links to the crypto industry. He highlights that Farage received £5 million from British Thai crypto billionaire Christopher Harbourn without declaring this donation, and that his convicted fraud pal, George Cottrell ,provided gifts in kind for Farage's political operations. Nick slams Farage's claim to be tough on crime while simultaneously lobbying against a digital pound and supporting the crypto industry, noting that crypto serves as a tool for criminals and state actors due to its untraceable nature. He emphasises that journalists and politicians should challenge Farage on this contradiction by asking why someone claiming to be tough on crime would be soft on crypto. Hosted on Acast. See acast.com/privacy for more information.

Keir Starmer resigns - can Andy Burnham save the country from the disaster of a Reform government?Nick Cohen talks about Keir Starmer's resignation as Britain's sixth Prime Minister in ten years, reflecting on the implications for the country and the wider West. Nick explores concerns about Britain's political stability, comparing the situation to historical examples of governments collapsing, and talks about how nationalist parties are gaining power across the UK. Nick defends Starmer's leadership, highlighting his handling of Trump's presidency and his efforts on Ukraine, while acknowledging his political shortcomings. Nick expresses optimism about Andy Burnham becoming the next Prime Minister and emphasises the need for the centre-left to unite to counter the growing influence of the radical right, led by figures like Farage who has successfully split the right-wing vote. Hosted on Acast. See acast.com/privacy for more information.