In his latest Lowdown podcast, Nick Cohen discusses the Kremlin's current Russian influence operations against and other countries in Europe with Luke Harding, Guardian foreign cortrespondent, and the author of "Betrayal: Trump, Putin, and A New Age of Conquest."

Luke explains how Russian intelligence has shifted its focus from left-wing groups to right-wing populist parties, particularly targeting figures like Nigel Farage and the Reform Party in the UK. Luke and Nick discuss how Russian agent recruitment of Ukrainian Ilya Bilyik to attack mosques in London was part of a broader pattern of destabilisation operations, including the firebombing of Keir Starmer's home. Luke detailed Trump's long-standing connections with Russia dating back to the 1970s, including Soviet surveillance of Trump and his family, and questioned whether Trump serves as a Russian asset given his consistent pro-Russian policies in office. Luke examines Putin's war strategy in Ukraine, noting how Russian casualties exceed 1 million while making minimal territorial gains, and he talks to Nick about how Putin's approach of waiting out Western resolve while supporting far-right parties in Europe represents a new form of imperial conquest. Luke expresses concern about the West's response to Russian influence operations and emphasises the need for democratic countries to maintain their values and alliances despite current challenges.

Luke Harding @Luke Harding68. Journalist @Guardian is.a fomrer foreign correspondent * Moscow correspondent for The Guardian, and a former New York Times best-selling author. His new book is Betrayal: Trump, Putin and The New Age of Conquest. His publisher is @FaberBooks

Nick Cohen's @NichCohen4 regular Substack column Writing from London on politics and culture from the UK and beyond is another must-read.

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Nick Cohen delves into the history of past political donations as he argues that the UK must do all it can not to be plunged into the brazen corruption of Donald Trump's crooked White House.

The controversial gift of £1 million to the Labour Party by former Formula One boss Bernie Ecclestone produced an exception to a tobacco-advertising ban for Formula One. Uniquely among Western democracies, Britain also lets money purchase a seat in the legislature through peerages; the odds that such honours were coincidental were once put at winning the lottery jackpot five times running. Because big money in politics was never cleaned up, Cohen says, we now live in an age of extreme wealth in which sums that are rounding errors to crypto billionaires can buy an entire party.

CRYPTO-SLEAZE & REFORM

Nick says there is rightly deep concern over the unprecedented funds being showered on Reform by shadowy foreign-based: Christopher Harborne a main investor in the Tether stablecoin firm, has recently pledged £36 million, on top of an earlier £5 million personal gift to Farage, and earlier donations to Reform totalling £12million. The total amount to Reform and Farage would total a staggering £53 million! The Harborne £36 million is being matched by another crypto-billionaire, Ben Delo, co-founder and former chief executive of BitMEX. Delo pleaded guilty in 2023 to U.S. anti-corruption charges over failed anti-money-laundering controls and was later pardoned by Donald Trump. Farage, whom Nick Cohen calls Trump’s acolyte, then lobbies the Bank of England against a digital pound that would compete with his patrons’ products and presses for capital-gains-tax cuts on crypto. Both Harborne and Delo have indicated they will move back to the UK so their huge donations can be valid, and legally made under current UK electoral law.

Labour, despite a huge Commons majority, is not closing the loophole that currently allows foreign based donors to move to the UK in order to make a donation because it too lives off big money. An insider account of the 2024 campaign records Angela Rayner’s proposed ban on foreign donations being pulled after Labour’s then-biggest donor, Lord Ali, objected. Nick finds a mere foreign-donor ban inadequate anyway: money has no smell, and a gift from Thailand or Hong Kong does not become virtuous if the donor moves to Britain. He wants a hard cap on donations regardless of source—even if that hurts trade unions—plus more public funding of parties, building on existing Short Money. If a Labour government will not do that, he asks, what is the point of it?

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In this week's Lowdown podcast, Nick Cohen talks to author and leading Guardian columnist Rafael Behr about the interconnectedness of ultra-capitalism and reactionary right-wing forces in politics. They discuss how both radicalised elderly voters nostalgic for the past and wealthy tech billionaires like Elon Musk are supporting extreme right-wing movements, creating a more dangerous political landscape than the "cosy" narrative of just elderly voters being concerned about change. Rafael analyses the Labour Party's failure to adequately confront far-right threats, particularly noting how they treat extreme right-wing protests as legitimate political expression rather than addressing the underlying fascism. Raf and Nick discuss how figures like Nigel Farage have been able to manipulate both mainstream and extreme right-wing voters, and discuss the lack of strong pushback from both Labour and Conservative parties against far-right influences, including Russian interference and extreme positions on immigration. They conclude by discussing their concerns about the need for clearer red lines against fascism and whether Labour leader Andy Burnham would articulate a stronger response to these sinister aspects of an increasingly transnational radical right.

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