The UK government has implemented measures to limit the influence of foreign financing on domestic politics. A cap of £100,000 per year will be placed on donations made by individuals living abroad, while cryptocurrency funding for parties will be banned until a regulatory system is put in place.
The decision was prompted by an independent review, led by former government official Philip Rycroft, which highlighted the persistent threat of foreign financial interference in British politics. The review cited concerns over the influence of countries such as Russia, China, and Iran, as well as potential threats from 'allies like the United States'.
The ban on cryptocurrency donations is seen as a key measure to prevent illicit funds from being channeled into politics. A new police centre will be established to investigate allegations of foreign interference in politics, with reduced burden of proof for criminal offences and tougher sentences recommended.