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Full Breakdown

Arron Banks Accused of Hiring Private Investigators to Spy on Sunday Times Journalist

8/11/2026, 12:25:52 AM

Core Event

Investigative reporting by Gabriel Pogrund, editor of the *Sunday Times* Insight team, exposed financial links between Reform UK leader Nigel Farage and convicted criminal George Cottrell. The *New Statesman* reported that Arron Banks—a prominent Reform UK donor—directed his former private-investigation firm, Precision Risk and Intelligence, to surveil Pogrund. Banks did not deny the allegation; when asked whether he had paid investigators to look into the journalist, he replied, “When you live by the sword, you die by the sword.”

Background & Context

Banks co-founded the pro-Brexit Leave EU campaign and stood as Reform UK’s candidate in the 2025 West of England mayoral election. Reform UK has faced scrutiny over donations, including a £5 million gift to Farage from billionaire Christopher Harborne and transfers linked to the Cottrell family. The *Guardian* and *Sunday Times* have published stories detailing these financial flows, prompting further investigation into the party’s funding.

Official Statements & Responses

  • Arron Banks told the *New Statesman* that he believed the *Sunday Times* had used “hacked information” and that his “investigative arm” possessed “advanced capabilities.”
  • A Reform UK spokesperson said the party had no knowledge of, nor had it sanctioned, any surveillance of Pogrund.
  • The *Sunday Times* called the alleged hiring “reprehensible” and asserted that its reporting was based on “responsible and professional journalism.”
  • “Investigating a journalist can only be intended to have a chilling effect on free speech.” — Lisa Smart, Liberal Democrats’ Cabinet Office spokesperson

Criticism & Opposition

  • Jemimah Steinfeld, chief executive of Index on Censorship, called for full transparency about any surveillance of journalists.

Conflicting Reports & Gaps

Banks’ comments stop short of confirming payment for the surveillance; he neither admits nor fully denies commissioning the investigators, stating only that he has “nothing else to add.” Reform UK denies any knowledge or sanction of the probe, while the *New Statesman* and *Guardian* attribute the directive to Banks personally. Independent verification is lacking, leaving the precise extent of the surveillance unclear.

Verbatim Quotes

  • “When you live by the sword, you die by the sword.” — Jemimah Steinfeld, Index on Censorship
  • “If what Mr Banks claims to have done is true then it is reprehensible that his reaction to our reporting is to place a journalist under surveillance … This story was not based on hacked information. It was based on responsible and professional journalism.” — Lisa Smart, Liberal Democrats’ Cabinet Office spokesperson

What’s Next

Reform UK’s finances continue to be examined by the Metropolitan Police, and the National Crime Agency has issued a suspicious-activity report concerning donations linked to the Cottrell family. No arrests have been made, and further inquiries may reveal additional connections between political financing and attempts to suppress journalistic investigation.