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Nigel Farage takes significant stake in Kwasi Kwarteng’s Bitcoin company

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Nigel Farage takes significant stake in Kwasi Kwarteng’s Bitcoin company

Nigel Farage has acquired a significant stake in a bitcoin reserve business helmed by Liz Truss’s former chancellor Kwasi Kwarteng.

The Reform UK leader has invested £215,000 in Stack BTC, participating in an equity fundraising that also involved Blockchain.com. Mr Farage secured 4.3 million shares through his investment vehicle Thorn In The Side Ltd at a price of 5p per share, giving him 6.3 per cent ownership. The company confirmed that the total investment from this fundraising was £260,000.

Mr Farage said of the investment: “I have long been one of the UK’s few political advocates for bitcoin, recognising the role digital currencies will play in the future of business and finance.

London and the UK has historically been the centre of the world’s financial markets, and I believe that we can and should be a major global hub for the crypto industry.”

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Former chancellor Kwasi Kwarteng is executive chairman of Stack

Former chancellor Kwasi Kwarteng is executive chairman of Stack (Stefan Rousseau/PA)

Labour questioned why Mr Farage was investing his money with the “architect of Liz Truss’s disastrous mini Budget”.

A Labour Party spokesperson said: “Nigel Farage hailed Liz Truss’s disastrous economy-crashing mini-Budget as the ‘best Conservative budget since 1986’. Now the Reform leader is pouring hundreds of thousands of pounds into the business of the architect of that chaos. What a total slap in the face for families still footing massive mortgages. Farage proves time and time again that he simply isn’t on the side of working people.”

Questions have been raised over Mr Farage and Reform’s relationship with cryptocurrency after two donations worth £12m were made to the party by the Thailand-based crypto entrepreneur Christopher Harborne.

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The government has asked the Electoral Commission to investigate crypto donations that Mr Farage claimed Reform received last year and that have not been registered.

Stack is not the first crypto investment made by Mr Farage, having previously invested in Tether.

Stack, a London-based firm listed on the UK challenger stock exchange Aquis, operates by building a portfolio of companies and channelling their surplus cash into bitcoin. Its core objective is to establish a substantial bitcoin treasury through continuous accumulation of the digital currency.

The venture is chaired by Mr Kwarteng, most widely recognised for his brief 38-day tenure as chancellor in 2022, during which he co-authored the controversial mini-budget with Ms Truss.

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The pound fell to a 37-year low after Mr Kwarteng announced the biggest tranche of tax cuts for half a century, to be funded by more than £70 billion of increased borrowing. He also served as Conservative MP for Spelthorne, Surrey, until 2024.

Mr Kwarteng, who controls a 5.4 per cent stake in Stack together with his wife, Harriet, said: “We are absolutely delighted to have Nigel Farage and Blockchain.com become strategic investors in Stack. Nigel’s unwavering support for British business and belief that Bitcoin is set to rapidly expand its role in finance is perfectly aligned with the company’s ethos and business plans.”

Mr Farage has taken a 6.3 per cent stake in a Bitcoin reserve business led by Mr Kwarteng

Mr Farage has taken a 6.3 per cent stake in a Bitcoin reserve business led by Mr Kwarteng (PA)

Reform UK last year pledged to slash red tape and cut taxes on cryptocurrencies and set up a bitcoin reserve fund if elected, which would allow people to pay tax in the cryptocurrency.

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The Treasury recently announced legislation to regulate cryptocurrencies like bitcoin in a similar way to that of other finance products. This follows efforts to overhaul the market, which has grown in popularity in recent years as an alternative investment product and a way of making payments.

The UK’s financial regulator has nonetheless warned that it is a “high risk” investment and that people could “lose all their money” from the asset.

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Tickets on sale for Christmas Polar Express Wensleydale Railway ride

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Tickets on sale for Christmas Polar Express Wensleydale Railway ride

Tickets are now on sale for the immersive Christmas experience, which will run from November 27 to December 23.

Based on Chris Van Allsburg’s beloved children’s book and the 2004 animated film, The Polar Express Train Ride invites passengers to step into the story aboard a steam train bound for the North Pole.

Travellers are encouraged to wear pyjamas to fully immerse themselves in the experience, with many families choosing matching outfits to add to the festive fun.

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The hour-long journey features appearances by the hobo, the conductor punching golden tickets, and a visit from Santa who, with the help of his elf, gifts each passenger a silver sleigh bell as the “first gift of Christmas.”

The Polar Express Train Ride is part of a global experience spanning 54 locations and welcoming more than 1.5 million riders each year.

All guests receive a keepsake golden ticket and a sleigh bell as part of the experience.

Ticket prices range from £35.95 to £57.95 depending on the date and time of travel, and early booking is advised as popular dates typically sell out quickly.

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Tickets can be booked at yorkshiredalesthepolarexpressride.com.

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London Games Festival is back for 2026: here’s what to know

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London Games Festival is back for 2026: here’s what to know

Fans of gaming, listen up: London Games Festival has officially unveiled what’s happening for the festival’s latest iteration.

The festival, which runs every year, celebrates the best of gaming in the UK and beyond, culminating with the BAFTA Games Awards in April. It’s always popular – last year, 102,000 people visited the festival’s 26 different events – and while some of the fortnight revolves around industry meetings, there’s also more than enough for gaming fans to get stuck into as well.

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Foreign Office gives update on flights for Brits stranded in Middle East in Iran war

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Foreign Office gives update on flights for Brits stranded in Middle East in Iran war

It’s been more than a week since Iran launched revenge attacks on the Middle East

New travel advice has been released for Brits stuck in the Middle East as the war in Iran rages on.

On February 28, US-Israeli missiles rained down on Tehran as part of ‘Operation Epic Fury’, killing supreme leader Ali Khamenei. In response, Iran hit back, firing missiles across Dubai, Kuwait and Bahrain in a bid to target US air bases.

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Thousands of Brits have since been stranded in the Middle East as flights were ground to a halt amid the brewing conflict.

Now, the Foreign, Commonwealth and Development Office (FCDO) has issued an update in the escalating situation, revealing dozens of flights are due to start bringing people home.

In a post shared on X today (March 9), the FCDO said dozens of flights are due to depart from the region to bring back Brits who have remained stranded since the beginning of the US and Israeli joint operation.

The post reads: “On Sunday, 30 flights departed from across the region carrying more than 7,000 British nationals – the highest number of Brits arriving in the UK in a single day since the beginning of the crisis. More than 40 flights are scheduled to depart from the region today.”

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The FCDO added that “more than 37,000 British nationals have returned to the UK since March 1”.

“Three charter flights have now left Oman and landed in the UK. The third flight landed in the UK earlier this morning (Monday),” the post continued.

“The UK government has chartered a flight out of Dubai which, subject to the situation on the ground, will leave later today.

“More than 40 flights are scheduled to depart from the region today (Monday). British nationals in Bahrain, Israel, Kuwait, Lebanon, Palestine, Qatar and the UAE should ‘Register Your Presence’ with the FCDO.

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“British nationals should continue to follow FCDO Travel Advice and local instructions, as the situation is volatile and could escalate.”

Some 172,000 British nationals have registered their presence in the region. The Prime Minister’s official spokesman said: “The Foreign Secretary will continue to speak to airlines, travel companies and regional governments to find safe routes home.”

Meanwhile, thousands of UK families face disruption to Easter holiday plans because of the conflict, reports The Express. Dozens of flights to Cyprus were cancelled last week, amid airlines’ concerns about its proximity to the region and the presence of a UK air base, which was hit by a drone.

On Monday, 16 out of the 18 scheduled flights from the UK to Qatar were cancelled because of continued airspace closures, aviation analytics company Cirium said. Eleven out of 33 flights from the UK to the UAE, which includes both Dubai and Abu Dhabi, were also axed.

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About half a million passengers per day normally use airports in Dubai, Doha or Abu Dhabi. It is expected to take weeks to clear the backlog of stranded passengers caused by the conflict, which started on February 28.

Airspace closures are not just affecting holidaymakers who plan to visit the Middle East, as its airports are a vital hub for travel between Europe and the continents of Asia and Australia.

There has been a surge in demand for non-stop flights between the UK and Asia which avoid stopovers in the Middle East.

Julia Lo Bue-Said, chief executive of Advantage Travel Partnership, a network of independent travel agents, told the Press Association: “The situation across the Middle East continues to evolve rapidly, and our travel agent partners have been working around the clock this weekend to ensure customers receive the most up-to-date advice and guidance.

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“For holidays booked to Cyprus, it is very much business as usual.

“The Foreign, Commonwealth and Development Office is not currently advising against travel to Cyprus and as such, if you choose to cancel your holiday at this stage, standard cancellation charges will apply.

“For holidays or trips booked to the Middle East, or to Asia with a routing through the Middle East, standard cancellation terms will apply unless your airline has proactively rerouted or cancelled your flight.

“If you have booked a package holiday and your trip is cancelled by the provider as a direct result of the situation, you are entitled to a full refund or the option to amend your booking.”

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Woman in hospital after serious crash

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Woman in hospital after serious crash
Woman in hospital after serious crash | Wales Online