Bank of England governor says he would have delayed Farage meeting if crypto gift had been under investigation

Andrew Bailey said he would have considered postponing the September 2025 meeting with Nigel Farage had the Bank known about the £5m gift from a crypto billionaire that later sparked a parliamentary inquiry.

• Bailey said the undisclosed gift from Christopher Harborne would have been a "material fact" in deciding whether to hold the meeting.
• Farage has said he used the meeting to demand the Bank drop plans for a state-issued stablecoin and a cap on individual stablecoin holdings.
• The Bank eventually dropped the cap on individual stablecoin holdings after a consultation, Bailey said.
• Farage has been reported to the standards commissioner over whether he lobbied the Bank against parliamentary rules.