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Richard Tice
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Richard Tice

Reform UK Deputy Leader; MP for Boston and Skegness since 2024; real-estate businessman.

Richard Tice defended a £5 million personal gift to Nigel Farage as unconditional when the Standards Commissioner opened an inquiry in May 2026, then saw banks flag a separate £1 million payment from donor Fiona Cottrell to a company he runs.

Last refreshed: 3 August 2026 · Appears in 1 active topic

Key Question

Why is Richard Tice defending a £5 million gift to Farage as unconditional?

Timeline for Richard Tice

#14 24 Jul

Complained over the leak of his bank data

UK Local Elections 2026: Crime agency to investigate its own data leak
#12 10 Jul

Received the transaction flagged to the National Crime Agency

UK Local Elections 2026: Banks flag £1m Cottrell payment to NCA
#9 13 May

Defended the £5m Harborne gift as unconditional

UK Local Elections 2026: Standards probe opens on Farage £5m gift
#8 13 May

Framed the £5 million as unconditional personal gift for lifetime security costs

UK Local Elections 2026: Standards opens Farage £5m gift inquiry
View full timeline →

Background

Richard Tice is Deputy Leader of Reform UK and MP for Boston and Skegness, a seat he won at the July 2024 general election. He rose to prominence through the Leave Means Leave campaign ahead of the 2016 referendum, co-founded the Brexit Party in 2019, and served as its leader from 2021 to 2023 while Farage was absent from frontline politics. He built his business career in commercial real estate through CLS Holdings and various property investment vehicles.

Key Issues
Bank compliance referral

A Cottrell payment reaches his own company

Banks separately flagged a £1 million transaction from Reform donor Fiona Cottrell to a company Tice runs, reporting it to the National Crime Agency over anti-money-laundering rules on 10 July 2026. A bank referral is a routine compliance report triggered when a transaction crosses an internal risk threshold, not a finding of wrongdoing, and no charge or allegation has been made against either Tice or Cottrell.

The NCA subsequently referred itself to the police watchdog on 24 July over a leak of the same Reform donor banking data; the watchdog returned the matter for local investigation by the agency's own Professional Standards Unit rather than opening an outside inquiry.

Common Questions

Reference

What business does Richard Tice run?
Tice built his career in commercial real estate, including as a shareholder and executive at CLS Holdings, a commercial property company.Source: CLS Holdings / Companies House
Who is Richard Tice in Reform UK?
Tice is Deputy Leader of Reform UK and MP for Boston and Skegness. He co-founded the Brexit Party with Farage and led it from 2021 to 2023 before Farage returned.Source: Reform UK / BBC
Was Richard Tice leader of the Brexit Party?
Yes. Tice led the Brexit Party from 2021 to 2023 while Farage stood back from frontline politics; Farage returned and rebranded the party as Reform UK.Source: Electoral Commission / BBC

Recently resolved

What did Richard Tice say about the Farage £5 million gift?
Tice called it an unconditional personal gift that did not require parliamentary declaration, defending Farage as the Parliamentary Standards Commissioner opened a formal inquiry.Source: UK Elections 2026 coverage
Was Richard Tice accused of money laundering?
No. Banks flagged a £1m transaction from donor Fiona Cottrell to a company Tice runs to the National Crime Agency over anti-money-laundering concerns in July 2026. This is a compliance referral, not a finding, and no wrongdoing has been established against Tice.Source: UK Elections 2026 coverage
Source Material