Reform of electoral law

That this House notes with serious concern recent reports of high-profile individuals and international entities exploring avenues to influence UK political parties and elections, raising questions about the robustness of current electoral laws in preventing foreign interference; recognises the essential role of transparent and accountable political financing in preserving public trust in democracy and ensuring that elections remain free from undue external influence; believes that current electoral laws are outdated and inadequate in addressing the threats posed by modern financial and digital technologies, including cryptocurrency, which can facilitate anonymous or foreign donations; highlights the particular, imminent risks posed by wealthy international figures, who, while engaging in lawful activities, may inadvertently or deliberately influence domestic politics contrary to the principle of self-determination; urges the Government to urgently bring forward legislative reforms to strengthen electoral law, including the introduction of a cap on political donations, stricter limitations on overseas donations, mandatory transparency in the origin of political funds, and robust enforcement mechanisms; calls on the Government to work with the Electoral Commission and other relevant bodies to adapt regulatory frameworks to address emerging challenges to democratic integrity in the digital age; and affirms the UK's commitment to safeguarding democracy by ensuring that elections are free, fair, and reflective of the will of the people without interference from foreign entities.