Tag Archives: donations (Lib Dem)

Lib Dem donations in 2014, 2nd Quarter: £1.23m raised (but that’s less than Ukip)

Today saw the publication by the Electoral Commission, the independent party funding watchdog, of the donations received by the UK’s political parties in the second quarter of 2014 (1 April to 30 June). Here are the figures:

lib dems donations - Q2 2014

And here’s how the BBC reported it:

UKIP have reported more in political donations than the Lib Dems in a quarter for the first time, according to the Electoral Commission. UKIP reported donations of £1.4m from April to June this year – £170,000 more than reported by the Lib

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Lib Dems publish latest accounts: £439k surplus and membership up to 43,451

Libby - Some rights reserved by David SpenderThe latest set of accounts for the Lib Dems have been published – I’ve uploaded it at the foot of this post. (You can compare it with last year’s here.) Here are 5 points that struck me I read through the document.

1) Party bounces back from deficit to surplus

Last year, the Lib Dems recorded a deficit of £410k (described then as a “disappointing result”). This year (ie, the year ending 31 Dec 2013), the party has recorded a healthy overall surplus of £439k, with £7.3m of income and £6.9m of expenditure.

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Lib Dem donor arrested as part of Serious Fraud Office investigation

The Financial Times reports:

A prominent Indian backer of the UK Liberal Democrat party and his son were the two suspects arrested earlier this week in connection with an investigation into allegations of bribery by Rolls-Royce. Sudhir Choudhrie and his son Bhanu were arrested on Wednesday as part of the Serious Fraud Office’s investigation into alleged bribery in Indonesia and China by the engine and turbine maker. …

A spokesman for the Choudhries confirmed that the pair had been arrested. The pair deny all wrongdoing and are co-operating fully with the investigation, he said. They were granted bail without conditions

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Joan Edwards’ solicitors state her wishes were “specifically checked”: she wanted bequest to go to parties

Another twist to add to the tale of Joan Edwards’ bequest. After the furore whipped-up by today’s Daily Mail, the Lib Dems and Conservatives had little choice but to renounce the cash. But it turns out that, by doing so, the donor’s actual wishes may well have been denied. Here’s the statement from her solicitors, Davis Woods, executors of Miss Edwards’ estate:

We confirm that we act as executors of the late Joan Edwards.

The Will was drafted by a solicitor at Davis Wood in 2001.

At the time of the instructions received from the late Miss Edwards, the solicitor specifically

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Daily Mail accuses “grasping politicians of pocketing spinster’s £500,000 legacy”. Let’s have some facts first, please.

mail grasping politicians front page - 14 aug 13This morning’s Mail Online has a shocking headline: Grasping politicians pocket spinster’s £500,000 legacy she bequeathed to government to spend ‘as they may think fit’. The newspaper’s front page also splashes on the story (right).

This follows the story we reported here yesterday of Miss Joan Edwards, who had apparently bequeathed £520k to the two Coalition partners as the current governing parties. This was divided 80:20 between them, with the Lib Dems getting almost £100k.

The Mail disputes that interpretation, asserting instead that she intended to leave the money as a bequest to the nation. They say the will’s wording was not (as claimed in newspaper reports yesterday) for the money to be passed “to whoever was the party of government of the day” but that it should be passed to “whichever Government is in office at the date of my death”. On that basis, the paper accuses the Conservatives and Lib Dems of deception bordering on fraud.

My Twitter timeline today suggests two things. First, everyone believes the Daily Mail when it suits them. Secondly, that there are a surprising number of people who think they’re experts on legacy bequests.

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Ms Joan LB Edwards: the mystery donor who bequeathed £99,423 to the Lib Dems – our 20% share as “the party of government of the day”

Chris Harlow and James Waterson at City A.M. has the bizarre story:

Eyebrows were raised this morning when it was revealed that the top individual donor to political parties in the second quarter of the year was one “Ms Joan L B Edwards” who gave the Conservatives £420,576 and the Lib Dems £99,423.

Ms Edwards has not shown any particular interest in politics in the past so onlookers immediately wondered whether she was spurred into action by the coalition’s success.

But City A.M. can reveal that it is actually the result of a bizarre bequest. Ms Edwards recently died and a mole

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Lib Dem publish latest accounts, shows £410k deficit and party membership down to 42,500

The latest set of accounts for the Lib Dems have been published – I’ve uploaded it at the foot of this post. Here are 5 points that struck me I read through the document.

1) The party ended 2012 with a £410k deficit

The party recorded a £410k deficit, with £6m income and £6.4m expenditure. This is noted as a “disappointing result” and ascribed to the late receipt of a substantial legacy donation “which would have brought the result down to something much nearer to break-even”. Yet legacies are by their very nature unpredictable: it’s not something we can rely on this year. Ideally the party needs to break even on its regular incomings/outgoings and then be able to use windfalls for investment.

2) Membership falls again: it’s now 42,501, down 34% since 2010

“As at December 2012 there were 42,501 members of the Party.” This is a further 13% drop since last year, and a massive 35% drop since the heights of Cleggmania in 2010. What’s clear from the chart, though, is that this is in reality a continuation of a decline in membership evident over the past 15 years, which I explored here last year:

lib dem membership figs since 1988

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