The Guardian newspaper has claimed a so-called scoop about how the financial institutions of the City of London are gaining a stranglehold on present government policy.
To back their claims, they point to a survey by the Bureau of Investigative Journalism in that top City firms contributed just over half (51 per cent) of Conservative party funding.
To me these revelations aren’t really new. The Conservatives have been long been supported by some of their City friends since its inception, and will continue to do so.
The real problem here is that as I’ve posted before, the funding of political parties in the UK has long been open to abuse. If one thinks the situation with the Conservatives is bad, then it is worse with Labour, who are 90 per cent funded by affiliated trades unions, heavily in debt, and the number of personal donations since their catastrophic general election defeat have collapsed completely.
While the political parties cling to any fiscal advantages that they receive, any genuine attempt to reform party funding will remain a long way off.