Political Parties and Elections Act 2009 Debate
Full Debate: Read Full DebateLord Brennan of Canton
Main Page: Lord Brennan of Canton (Labour - Life peer)Department Debates - View all Lord Brennan of Canton's debates with the Ministry of Housing, Communities and Local Government
(2 days, 20 hours ago)
Lords ChamberMy Lords, I share the concern about making sure that our democracy is fit for purpose in the modern world. There is a huge challenge ahead, which is why we will address in the round the whole issue of electoral reform. I will write to the noble Lord on the specific example that he mentioned.
My Lords, will the Government’s review of donations include looking at the whole issue of people making donations using cryptocurrency, given the potential for abuse and of hiding the true source of those donations?
My Lords, my noble friend alludes to an important theme in terms of donations. The rules around political donations must be abided by, regardless of the type of donation made, including donations made using cryptocurrency. Those who receive donations must assess the value of the donation when they receive it and, if it is over the reporting threshold, they must report it to the Electoral Commission. Parties and other campaigners must also check that donations come from a permissible source and are prohibited from accepting donations that are not from a permissible or identifiable donor.