Angela Rayner has suggested Reform UK could face action over two mega donations to the party under new laws being pushed through parliament.

The housing secretary was reacting to £72m in donations from two crypto billionaires – Ben Delo and Christopher Harborne – for Nigel Farage‘s party given on Friday and Saturday in two lumps of £36m.

With fears that the cash from billionaires could distort British politics, Ms Rayner warned that Reform should not count on keeping all the money as new law Labour is pushing through parliament will be “backdated” to cover all donations from March this year.

She told Sky News: “The important thing, and the reason why we’ve got a bill going through Parliament at the moment, is that we need to have…