Limits of £50,000 on political donations (Birmingham Liberal Democrats)

Birmingham Liberal Democrats <info@birminghamlibdems.org.uk>

Limits of £50,000 on political donations

March 16, 2007 9:00 AM

Money

Sir Hayden Phillips, who has been looking into Party funding, has proposed a limit of £50,000 from individuals or organisations, increased state funding and a cut in spending between elections.

The issue of Trade Union donations is still not completely resolved, if the donations can be traced back to individuals then it would appear larger donations would be allowed.

The main proposals are:

£50,000 limit on donations

Cut spending by about £20m each by main parties over a parliament

Raise state funding by £23m a year

Parties get 50p a year for each vote in general elections, plus 25p a year for each vote in other elections

Online donations of £5 per person matched by state funding