It’s a clash that two senior figures in Reform, both granted anonymity to discuss plans in the making, signaled to POLITICO they are well up for having.

Farage has been dogged for months by allegations of undeclared donations, and more recently lost two top aides who were caught in an undercover cash sting. A skirmish over the record-breaking £72 million in gifts would be another opportunity to reclaim Reform’s underdog positioning.

“These are legal donations, the proposed law doesn’t affect them, and we will carry on spending our legal donations,” one of the senior Reform figures told POLITICO.

“Also you…