Money plays a significant role in politics. While campaigning requires funding, our democracy should never be shaped primarily by those with the deepest pockets.
Several MPs raised concerns during the debate that the Bill does not go far enough in strengthening political finance rules. Although it introduces stronger “know your donor” checks, it still does not include a cap on political donations.
Questions were also raised about the continued risk of foreign influence in British politics. Unincorporated associations, for example, still have relatively high reporting thresholds of just over £11,000.
Liam Conlon highlighted concerns about foreign money entering the system and pointed to the case of Nathan Gill in the European Parliament as an example of the risks posed by foreign interference.
There were also concerns about cryptocurrency donations. Several MPs argued that until regulators are confident they can properly track and monitor these payments, such donations should be banned — a position that aligns with the advice of the Electoral Commission.