Lord Rennard
Main Page: Lord Rennard (Liberal Democrat - Life peer)Department Debates - View all Lord Rennard's debates with the Northern Ireland Office
(1 day, 10 hours ago)
Lords ChamberTo ask His Majesty’s Government what assessment they have made of the level of transparency required for the funding of think tanks, including in relation to funding from abroad.
My Lords, it is for each individual think tank to publicise and declare their sources of funding. Think tanks with charitable status must follow Charity Commission guidance, ensuring political activity remains subsidiary and exclusively furthers their charitable purposes. The Government are committed to responding to threats of foreign interference in our democracy. We eagerly await the findings of Philip Rycroft’s independent review into countering foreign financial influence, which will report by the end of March.
My Lords, for 25 years, political parties have had to declare their significant sources of income, but so-called think tanks that promote the causes of some political parties, and undertake research and produce reports helpful to them, do not have to declare any such funding. The right-wing think tanks based at Tufton Street refuse to declare their sources of funding but have been linked with the fossil fuel industry, property developers, tobacco companies and dark-money trusts in the US. Since 2012, anonymous foundations in the United States have poured over $14 million into these groups. Money to them is also filtered via charities. Will the Minister confirm that the elections Bill will tackle this anomaly and make such funding completely transparent?
I thank the noble Lord for his work in this space to make sure that we have faith and trust in the many democratic institutions that are part of the wider ecosystem. On the substance of his question, electoral law already covers think tanks that donate or spend during regulated election periods. Our reforms will ensure that those with a genuine UK connection can contribute to our democracy—for instance, by requiring recipients to undertake “know your donor” due diligence to guard against illegitimate foreign funding. The Government are committed to protecting our democracy from foreign actors. As I said, the Rycroft review will form a vital part of this work. I look forward to discussing this—over many hours, probably—in your Lordships House when the legislation is in front of us.