In its manifesto, Labour promised to tighten the rules around political donations. Officials are now examining a slate of ideas including donation caps and further restrictions on foreign cash.
Change will take time, as the plans are still at an early stage and ministers are not due to bring forward proposals until at least 2026. But speculation that Elon Musk could donate $100m to Nigel Farage’s party, Reform UK, will trigger a fresh clamour for stricter rules.
