Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Donations to political parties reach record levels

Pa
Monday 23 August 2010 14:00 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Donations to political parties reached their highest level on record around this year's general election, it was disclosed today.

Some £26.3 million worth of gifts were reported by 16 parties as having been received in April, May and June, the Electoral Commission said.

The main beneficiaries were the Conservative Party, which got £12.3 million; Labour, with £10.9 million; and the Liberal Democrats, with £2 million.

The three main parties also took a share of more than £1 million of public funds and owed more than £31 million between them at the end of the period.

Labour had the highest borrowing at the end of June, with £16,645,172, followed by the Tories on £13,128,326 and the Lib Dems on £1,600,314.

The previous record for quarterly political donations was £20.6 million, received by parties in January, February and March 2005 ahead of that year's election.

The increase is even more marked than the figures suggest, as the threshold at which donations have to be reported rose in January.

For gifts to the central parties it rose from £5,000 to £7,500, and for those to smaller accounting units, like constituency parties, it rose from £1,000 to £1,500.

Individual donations made to the central parties in the month before the May 6 general election were previously published as part of the weekly campaign updates.

Peter Wardle, chief executive of the Electoral Commission, said: "Since 2001 we have made public details of almost 30,000 donations to political parties, with a total value of just over £433 million.

"Voters have come to expect a high level of transparency about the way political parties are funded, and never more so than for the period covering a general election in the UK.

"Voters will want to see who funded political parties during the election campaign, and contributed towards this record-breaking quarter."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in