Lisa Smart

I am grateful to the hon. Gentleman for his intervention and for allowing me a bit of space to expand on this point further. Companies should have to prove profit in the UK, not just revenue in the UK, to be able to donate. There is a real danger that money from abroad, from state actors and non-state actors, can be funnelled through third-party campaign groups—think-tanks and others—as a way of trying to influence our democracy. It is entirely possible that very wealthy individuals or state actors abroad put money into think-tanks, which then put money into political parties. That is the sort of thing I would look to amend as the Bill makes its way through the House. Unlimited donations mean unlimited influence. They corrode public trust and distort political priorities. Until we cap donations, we will continue to have a democracy that is for sale. Finally, there is an extraordinary irony that, despite its grand title, the Bill does not even touch the root of unfairness and distrust in our democracy. It does nothing about a first-past-the-post voting system that was outdated decades ago and is a millstone around the neck of our democratic life. This electoral system consistently delivers results that bear little resemblance to the actual preferences of the electorate. Millions of votes count for nothing.