The noble Baroness has now undermined the argument about going up rather than down. I have checked that, because I know
the noble Baroness mentioned 2018. I have 2013, but I will clarify that. It was also more recently recommended in the CSPL’s July 2021 Regulating Election Finance report, which is more up to date. It would not be proportionate to require parties with assets below £500 to submit this declaration.
On a similar topic, the noble Baroness, Lady Hayman, tabled a probing amendment to understand why the clause specifies that the Electoral Commission should make this statement available for as long as it sees fit. This is simply a matter of consistency with the existing approach to assets and liabilities declarations contained in a party’s annual statement of accounts. Under Sections 45 and 46 of PPERA, the commission is able to keep documents, including the annual statement of accounts, for
“such period as they think fit.”
Therefore, this is simply a technical provision, enabling this first assets and liabilities declaration to be compared with various subsequent records provided by political parties in their annual statements of accounts.
I will write to my noble friend Lady Noakes on her very interesting question, to which I would like to know the answer as well. I will place a copy in the Library so that we are all aware of it. That said, I urge noble Lords not to press these amendments.
7.15 pm