Mike Martin

It is great to speak in a debate that has been so well-tempered, and mostly very thoughtful. I start by welcoming the extension of the franchise to 16 and 17-year-olds. The Lib Dems have campaigned on that for many decades, so we are delighted that the Government have reached into our policy locker. I also welcome a lot of the work that will be done under this Bill around donor transparency—the idea of knowing our donor. If we are all being honest, many of us, looking at the rules around the donations that we all seek and accept, think that someone could, if they chose, drive a coach and horses through them. When we buy a house or a car, or some other expensive goods, we often have to prove where the money has come from, so it is about time that we had the same rules when it comes to political donations. In the limited time available to me, I would like to highlight a couple of areas where we need to go further. I am a member of the Joint Committee on the National Security Strategy, the Chair of which, the hon. Member for Warwick and Leamington (Matt Western), spoke earlier. The Committee has recently covered a couple of points that I implore the Minister to look into in greater depth. Our long-running inquiry on defending democracy looks at exactly the issues addressed in the Bill, and I would like to talk about two of them. First, representatives from the National Crime Agency came before the Committee and told us that the law as set out—both the current law and that mooted by the Government in their strategy—does not give the agency sufficient legal grounds to investigate suspicious donations. The Minister can look at the evidence given to the Committee, but there are lots of behaviours that appear to be undemocratic, but after discussions with the Crown Prosecution Service and the National Crime Agency, they are judged not to meet the threshold for breaking the law, either currently or if the Bill as drafted is enacted, so no further investigations are undertaken. There have been many instances when the National Crime Agency has been looking at something that is illegal and, in the scope of its activities, it has uncovered other activities that look “dodgy”, but it is unable to investigate further. That evidence was set out to the Committee, so the Minister can look at that. Secondly, there are the issues around cryptocurrency, as other hon. Members have already raised. This is a frontier that is moving incredibly fast. On one hand, cryptocurrency has blockchain, so it is possible to look at the ledger to see where donations have come from. On the other hand, with multiple different cryptocurrencies, the ability to move funds in and out of cryptocurrencies in different jurisdictions on crypto exchanges that are held in jurisdictions with which we do not have good relationships, and the ability to use AI to split large donations into tiny donations, spread them out across hundreds of different crypto exchanges and cryptocurrencies, and then reform them into microdonations, this frontier is moving incredibly fast and we do not understand it. For that reason, the Chair of the Committee wrote to the Secretary of State last week asking for a moratorium on cryptocurrencies, and I urge the Government to look into the issue—