They thought it was all over. But Nigel Farage is having the last laugh, because events over the past few days have shown he is still very much a contender for No 10.

It’s true that in recent months, the Reform UK leader has been rocked by a series of funding-related allegations. There was the £5million gift from Thai-based crypto tycoon Christopher Harborne. The gift itself was entirely legal and in no way against any parliamentary rules, but Mr Farage’s enemies claim he should have registered it, meaning details would appear on the House of Commons website.

Then there was the undercover sting by Channel 4, in which senior Reform figures – who have since been suspended – were filmed apparently discussing ways to accept a £500,000 donation from a wealthy American, even though it would have been against the law. The donation was never made. But it all provided ammunition for Mr Farage’s enemies.

And there is some evidence that the mud constantly thrown at Mr Farage has dented Reform UK’s popularity, although this should not be exaggerated. Opinion polls suggest about 25% of voters still back Reform.

But now, Mr Farage is fighting back. Reform is receiving two massive donations, giving it a war chest to ensure British politics really does become a fair fight.

Because while all the focus has been on Reform, the other parties have been receiving huge sums of money from donors for decades.

Ben Delo and Christopher Harborne are giving Reform £36million each, making a total of £72million.

Mr Farage said the money would be used “for one purpose only: to make certain we are ready to form a government at the next election”.

He said Reform would fund “the best research and policy department British politics has ever seen” and recruit “the best minds in every area”.

And deputy leader Richard Tice said: “What these two donations are trying to do is to actually level the playing field.

“We’re relatively new, we haven’t had the vast donations over the last five to 10 years that Labour and the Tories have had, so we need to employ campaign managers up and down the country, we need to employ brilliant policy people, the best minds, in order to ensure that we have the best policies.”

In 2024, for example, the Conservatives received £15million from a body called The Phoenix Partnership, owned by businessman Frank Hester.

A hedge fund called Quadrature Capital handed £4million to Labour in the same year.

Ecotricity, owned by energy entrepreneur Dale Vince, gave Labour £3.6million.

And union UNISON gave Labour £2.7million while USDAW gave £2.2million, the GMB gave £1.9million, and Unite gave £1.8million.

All of that is just in one year. And those are only some of the biggest donations – there are many more.

This has traditionally been considered perfectly normal. And there’s nothing wrong with it. The only real alternative would be for parties to get more money from taxpayers.

As Mr Tice says, political parties need buildings and staff. They need to carry out research and develop policies. And they need representatives across the country to organise campaigns and print leaflets.

The traditional parties have this infrastructure. They need it, and they have to pay for it somehow.

But Reform is in exactly the same boat. It needs infrastructure, too, if British voters are to have the option of choosing a Reform government on polling day.

These two donations, mammoth though they appear, will give Mr Farage and his party a fighting chance at the next election – on something close to equal terms with the other parties.