Matt Western

The Bill introduces timely reforms, such as extending the right to vote to young people, and it addresses the rising and ever more concerning issues of harassment and intimidation. With foreign interference expected to intensify the deterioration of the international security environment, and given the threats posed by wealthy donors, crypto and AI, I encourage the Government to go further. That is where I will focus my remarks. Last September, the Joint Committee on the National Security Strategy heard from Spotlight on Corruption that there has been foreign interference in 21 elections across Europe in recent years. Research from a 2022 US intelligence assessment estimated that Russia has spent $300 million on political influence in 24 countries. Beyond direct state influence, there is the issue of obscenely wealthy donors and corporations. Corporate donations have tripled over the last three elections in the UK, rising from £14 million in 2017 to £42 million in 2024. Beyond those challenges, the Bill introduces valuable provisions. The political finance reforms are good, and it creates a new “know your donor” requirement to ensure that political parties conduct the necessary due diligence. It requires parties to verify that companies that wish to donate can demonstrate sufficient revenue and a qualifying connection to the UK or Ireland, and it will enable the Electoral Commission to issue significantly increased penalties—up to £500,000. I would like the Bill to go further on business and corporate donations. I want there be a longer qualifying period and a profit measure to protect the system more against phantom businesses and shell companies. Elsewhere, our Committee is calling for a temporary moratorium on accepting crypto donations until the Electoral Commission produces statutory guidance and stronger systems. We want the Electoral Commission to have stronger powers, including the ability to compel financial institutions to provide information relating to funds connected to donations so that they can be investigated more fully. We want a single police lead for political finance and foreign interference, and a review into the sentencing of political finance offences. Personally, I think we need to look more at the role of think-tanks and how they are funded. I would like the Bill to go further, with a longer qualifying period and profit measures to protect the system. I want a donation cap on corporate and personal donations. I want consideration to be given to amending the schedule of penalties to make it more proportionate to the donor’s wealth. We must ensure that the fees and salaries that companies pay MPs in whatever field, but particularly in media, fall under political finance regulations. I absolutely welcome the Bill. We need much tighter regulation across our political finance, including to address the interference with which states and individuals wish to influence our democracy. I very much look forward to working with the Ministers in the coming weeks.