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Tories take more than half of donations to political parties

Published 25/05/2016

More than £6.7 million of the almost £12 million reported to the Electoral Commission between January and March went to the Tories
More than £6.7 million of the almost £12 million reported to the Electoral Commission between January and March went to the Tories

Conservatives have received more in donations this year than all other political parties put together, figures showed.

More than £6.7 million of the almost £12 million reported to the Electoral Commission between January and March went to the Tories.

Labour took £3.7 million and its sister Co-operative Party another £363,000.

The Liberal Democrats' coffers were swelled by almost £529,000 and Ukip was given £187,080.

The value of parties' outstanding loans fell £571,570 to £4,126,079.

The Women's Equality Party - which contested its first set of elections in May - received £169,474, more than the Scottish National Party (£108,136) and the Green Party ( £103,230).

The British National Party recorded £65,000 and Plaid Cymru £5,000.

The biggest single sums were trade union funding for Labour - £764,903 from Unite, £654,634 from Usdaw, £628,856 from Unison and £587,057 from the GMB.

The Tories' biggest benefactors were Lycamobile UK Ltd (£569,300), financier Alexander Fraser (£258,200) and Michael Davis (£252,500).

Labour said just over half of the Tory funding came from 56 wealthy individuals who were part of an exclusive "Leaders Group" of donors.

MP Jess Phillips said: "The Conservative Party is increasingly dependent on money brought in through these exclusive and secretive meetings.

"Tory cuts to Universal Credit will leave more than two million families an average of £1,600 a year worse off but David Cameron and his ministers have cut taxes for those at the very top. Typical."

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