My Lords, I am conscious that there are other democracies in Europe which have parties on the right that have admitted to receiving money from Russia as loans or as grants. Happily, this country is not in that position, but a number of shadows hang over our politics and we have got quite close to it on a number of occasions. It currently affects the Government because they refused to publish the evidence the Intelligence and Security Committee collected on foreign interference in British politics four years ago and they have not yet published the evidence on the suitability of those who came in on the golden visa scheme between 2000 and 2015. That report was commissioned four years ago. If one goes back to the referendum campaign, so far as I am aware, we still do not know where the largest donation to the Brexit campaign came from, although I had one very odd conversation with a senior member of the
City of London who told me that everyone knew that it came from a particular foreign country. There are issues here. We shall return to them when we get on to donations.
I mark in general that this is yet another reason why we should be lowering the limits on campaign spending at national and constituency level, not raising them, because money corrupts politics. I think that the Conservative Party has come close to corruption in the way it has very successfully expanded its fundraising, with the creation of a donors’ club. I have read on the front page of the Times that donors have said that they are unhappy about what the Prime Minister is doing on this, that and the other, and that clearly shows that donors influence politics to a considerable extent in the Conservative Party.
Yes, of course, we are all guilty. My party has also accepted one or two large and very welcome donations which were a little bit questionable. That is because we are so desperate for money for campaigning—and it is part of the reason why I agree that we should be lowering limits. So, I support the probing amendment from the noble Lord, Lord Collins. We will return to this on a later day in Committee. It is a fundamentally important issue for British politics, because part of what is corroding public trust in politics at present is the deep suspicion that money buys Ministers.
7.30 pm