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An investigation into the political influence of billionaire George Soros is needed, according to Ukip former leader Nigel Farage. The LBC presenter recognised Mr Soros acted in total legality by donating £400,000 to anti-Brexit group Best for Britain, but he insisted a closer look was needed to see how much Mr Soros’ foundation Open Society had influenced the political climate in the UK. He said: “I accept that wealthy people and corporations on either side of an argument are fully entitled within our democratic system to put money into back their point of view, their passion, maybe even their business interest.

LBC•GETTY Brexit news: Farage calls for formal investigation into billionaire George Soros

“The argument folks I’m making is that all the Russian conspiracy stuff has come to nought despite investigations, questions in parliament and all of it. “I’m saying if there’s an investigation needed, it was the extent to which George Soros’ Open Society has attempted to change the political climate, not just in Britain, but entire the Western world. “That’s the investigation we need.”

Soros has attempted to change the political climate, not just in Britain, but entire the Western world Nigel Farage

Theresa May insisted Britain will not hold a second EU referendum following the revelation Best for Britain received the generous donation from Mr Soros. Mrs May’s spokesman said the Prime Minister’s position was clear on Brexit after millions of Britons voted to leave the EU bloc. He said: “There are many political and campaign groups in this country, that's entirely right and as you would expect in a democracy.

Nigel Farage in pictures Mon, April 3, 2017 Nigel Farage is a British politician who has been the leader of the UK Independence Party since October 2016. Play slideshow Getty 1 of 48 Nigel Farage in pictures