Foreign Financial Influence and Interference: UK Politics

Joe Powell Excerpts

Wednesday 25th March 2026 Commons Chamber

[Steve Reed]

I am aware of that important concern. I am happy to make sure that he gets an appropriate meeting to discuss it.

[Joe Powell (Kensington and Bayswater) (Lab)]

I welcome the report; it is game changing. I agree with the Secretary of State’s logic that leaving a window open for dodgy money to flood into this country would have been totally irresponsible, so I welcome the swift action. My specific question is about recommendation 2 on company donations. We have learned from the Premier League’s attempt to enforce financial fair play that, unfortunately, revenue can be manipulated very easily—for example, sponsorship can allow clubs to buy players that they otherwise would not be able to afford. I welcome Rycroft’s recommendation that we switch to profit to ensure that only genuine companies that make a profit in this country can give donations. As the Government respond in full to the report, will the Secretary of State take a close look at that recommendation?

[Steve Reed]

I thank my hon. Friend for his support. He is quite right; Philip Rycroft was very clear in his reasoning on that point. The objective is to prevent shell companies from being set up to funnel dark money into British politics. It is not to prevent British companies that are just going through a difficult year or two from making donations themselves.