Q2 Party Funding Figures – Everything You Need To Know

The party funding figures are out for Quarter 2 of the year. The Tories are out front with £4,116,006 while Labour’s £3,136,447 is almost entirely from the unions. The LibDems have struggled to even raise a million with £801,448, while UKIP’s £160,289 was double what they raised in Q1.

The biggest donors were:

Unite the Union £772,195 to Labour
Ms Joan L B Edwards £420,576 to Tories
Ms Joan L B Edwards £99,423 to LibDems
GMB £485,830 to Labour
UNISON £458,080 to Labour
Union of Shop, Distributive and Allied Workers £411,147 to Labour
Mr Michael S Farmer £280,770 to Tories
Mr James R Lupton £263,600 To Tories
National Conservative Draws Society £165,000 to Tories
CWU £143,121 to Labour
Offshore Group Newcastle Limited £117,300 to Tories

Clearly whoever Joan L B Edwards is, she really really likes the coalition. Labour got another £2,241,419 in short money, yet despite this have gone cap in hand to the bank again:

Let’s hope the Co-op bank will be able to keep up their support. Labour still have more than £12 million in outstanding loans, while the Tories owe £2m. Ker-ching.

UPDATE: According to City AM Ms Joan Edwards left half a million “to whoever was the party in government of the day”. This was then divided down the MP/Ministerial split of the coalition.




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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