Iqbal Mohamed

I thank the hon. Member for South Dorset (Lloyd Hatton) for securing this important debate. The lack of transparency in the funding of our political parties is well documented, although I suspect not so well known among members of the public, who tend to associate the corrupting influence of money in politics with other countries, usually very far away. The reality is that it is taking place on our doorstep. According to research done by Transparency International, almost £1 in every £10 reported by political parties and their members since 2001 has come from unknown or questionable sources. Some £42 million comes from donors alleged or proved to have been involved in other corruption, fraud or money laundering, and £38.6 million comes from unincorporated associations that have not reported the source of their income, despite Parliament introducing new transparency rules in 2010. The rest of its findings highlight millions from donors alleged or proved to be intermediaries for foreign funds and/or a hidden source, and millions from companies that have not made sufficient profits to support the political contributions they have made. Other research has confirmed that successive Governments have invested trillions in the defence industry. Our new Government are also proposing to increase defence spending to 2.5% and then to 3%. The defence industry is reportedly responsible for approximately 40% of all corruption worldwide, and much of the money that we and other countries spend in defence is funnelled back through opaque channels into political parties and members. The industrial military complex needs to be investigated and dismantled. The fact is that our political finance rules are too weak on hidden money, making the system vulnerable to subordination from rich individuals and secretive vested interests. My constituents and people from our country are concerned by the malign influence on Government policy of parties, Governments and Opposition Members and other Members accepting millions from state and industry lobbies, corporations and mega-rich donors.