Labour MPs are set to challenge the government’s upcoming reforms to political funding, proposing tougher measures such as a ban on cryptocurrency donations and reduced campaign spending limits.
Members of the cross-party anti-corruption group are rallying support for four amendments to the Representation of the People Bill, which would significantly tighten existing proposals.
Key amendments include a permanent prohibition on digital currency donations—rejected by the government in favor of a temporary moratorium—which has gained traction among Labour MPs following scrutiny over Reform UK leader Nigel Farage’s funding.
Liam Byrne, chair of the business select committee, argued: “Each day brings further revelations about the extreme lengths Reform UK politicians will go to evade financial oversight. These amendments are critical safeguards against the influx of £200m into a media-political infrastructure fueling populism in Britain.”
Byrne’s amendment, supported by over 20 MPs by Thursday midday, emphasizes the urgent need to protect democratic integrity amid rising financial secrecy.
Anneliese Dodds, a former Labour cabinet minister, has proposed lowering campaign spending caps from £34m to £24.4m, citing public demand for “more reasonable” limits amid escalating funding competition.
Yuan Yang, a supporter of Andy Burnham, seeks to restrict initial party funding, following revelations that far-right group Restore Britain launched with £2.5m undisclosed funding. Mark Sewards proposes vetting donations for potential foreign interference risks.
The reforms coincide with ongoing scrutiny of Reform UK’s funding, including donations from crypto entrepreneur Christopher Harborne and business links to George Cottrell. The National Crime Agency has flagged transactions involving these individuals and senior party figures over concerns about money origins.
Stella Creasy has proposed capping individual donations at £100,000, though this has received less backing than other amendments. A Ministry of Housing, Communities and Local Government spokesperson stated: “We will continue seeking opportunities to strengthen the bill as it progresses through Parliament.”
