Vijay Rangarajan, chief executive of the Electoral Commission, told The Guardian it is “crucial” that people have “trust in the financing” of the political system.
Mr Rangarajan told the newspaper: “It’s crucial that UK voters have trust in the financing of our political system, so they need to see how parties and campaigners are financed and how they spend that money at elections.”
According to UK election rules, parties can accept donations from a number of sources including individuals on the UK electoral register or a UK-registered company.
He said Mr Musk was giving “serious thought” to bankrolling the party.
“We only have one more chance left to save the West and we can do great things together,” he said.
“Inevitably, following such intense media speculation, the issue of money was discussed, and there will be ongoing negotiations on that score,” the Reform UK leader added.
He told the Financial Times the Tesla billionaire should have “a proper look at the full menu before jumping into any one particular course.”
“I would say to [Musk] or to Nick, look at what the Conservative party is doing,” he told the paper on Wednesday.
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