Nigel Farage has declared a £270,000 payment from Direct Bullion for work amounting to just four hours a month over three months – the single biggest payment he has registered since becoming an MP. The disclosure, made in the list of MPs' interests, brings his total earnings from the gold dealer to £685,500, according to the register of MPs' interests.
The Reform UK leader’s role as a brand ambassador for the Mayfair-based company has drawn fire from Labour chair Anna Turley, who said: “Nigel Farage clearly has the Midas touch when it comes to lining his pockets instead of doing his day job.” She added: “He should be focused on putting more pounds back in his Clacton constituents' pockets rather than racking up payments off the back of gold sales.”
“Nigel Farage declared £270,000 from Direct Bullion for 12 hours' work, bringing total to £685,500, as standards probe into £5m gift continues.”
Farage’s spokesman said: “As has previously been reported and declared, Nigel Farage is a brand ambassador for Direct Bullion.” The company, which sells physical gold and silver, markets precious metals as “your seatbelt and airbag” against economic uncertainty. It reported revenue of £17m in 2022, according to the Financial Times list of Europe’s fastest-growing companies.
The latest payment follows previous declarations of £91,200 in February 2025 and £135,000 in November 2025. Farage also recorded an estimated £18,402 for his work as a presenter on GB News. His other side hustles have included filming personalised messages on Cameo, which he paused in March citing security reasons, after appearing to endorse a neo-Nazi event and being duped into voicing a pro-IRA slogan.
The Clacton MP faces a growing storm over his finances, particularly an undeclared £5m gift from crypto billionaire Christopher Harborne. Farage has argued he did not need to declare it because he received it before his election and it was not a political donation. The Parliamentary Standards Commissioner is investigating whether he broke the rules.
Farage’s explanations have appeared rattled. When asked on the Today programme if he would pay the money back, he said: “I don’t think it’s any of your business, frankly… Will you give your salary to charity?” To LBC’s Nick Ferrari he bragged: “I can spend it on Ferraris if I want… I can put it on the horses.”
The political backdrop has also soured for Reform. The party has suffered a series of by-election disappointments, including Andy Burnham’s win in Makerfield and the Conservatives’ hold in Aberdeen South. Since the start of the year, Reform has drifted to 25 per cent in the polls – still ahead but several points off the share needed for a majority.
Polling by Survation for 38 Degrees found 68 per cent of Britons worried the £5m gift gave Harborne “inappropriate influence” over Farage’s political decisions. The standards watchdog’s investigation remains ongoing.