Recommendation 16

This announcement was made in an oral statement to the House of Commons by the then Secretary of State, Rt Hon Steve Reed MP, following the publication earlier that day of the Rycroft Review into countering foreign financial influence and interference in UK politics. The Rycroft Review recommended that “there should be an annual cap on political donations from British voters living abroad” (and suggested that this should be set initially in a range from £100,000 to £300,000 per donor per year), and that “the government should legislate in the Representation of the People Bill to introduce a moratorium on political donations made in cryptoassets”. 19