To take just a few recent examples: Musk offering $100 million to Reform, a Health Minister supported by substantial funding from private health companies, and – not quite so recent – millions wasted in Covid contracts given to party donors. The influence of big money on our politics is greater than ever.
Yet `The majority of the public support stringent measures to crack down on the perception that political influence can be bought, including capping, or even banning political donations. Politicians are out of step with the electorate on this issue.’
So says a recent report on Money and Democracy from the
Institute for Constitutional and Democratic Research (an offshoot of the All-Party Parliamentary Group on Democracy and the Constitution).
Liberal Democrats could reasonably protest that we are in step with the electorate on this – our 2024 Manifesto included a commitment to `Take big money out of politics by capping donations to political parties’. But what the ICDR report offers is a clear analysis of the fundamental problem, and some simple principled solutions. As they say ` The existing rules on political finance are excessively complex and fail to address the core problem’.