Thursday, February 24, 2011
The Trade Unions have it
Having been elected by Trade Union votes it seems that Ed Miliband continues to benefit from their largesse. This morning's Daily Telegraph reveals that almost 90 per cent of the £2.5 million of Labour party funding was provided by the unions during the final three months of 2010. This compares to 36 per cent during the same period in 2009.
The paper says that several of Labour’s biggest private backers, who began donating to the party under Tony Blair, are understood to have decided not to bankroll Mr Miliband.
In contrast, the Tories receieved the majority of their funding from City financiers and entrepreneurs. There is an independent inquiry into the funding of political parties, which is likely to recommend a cap on donations.
The paper says that several of Labour’s biggest private backers, who began donating to the party under Tony Blair, are understood to have decided not to bankroll Mr Miliband.
In contrast, the Tories receieved the majority of their funding from City financiers and entrepreneurs. There is an independent inquiry into the funding of political parties, which is likely to recommend a cap on donations.
