Ways in which parties are funded
- Created by: rosiekennedy
- Created on: 16-12-18 21:29
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- Ways in which parties are funded
- Collecting membership subscriptions from members
- Holding fundraising events such as fetes, festivals, conferences and dinners
- Receiving donations from supporters
- Raising loans from wealthy individuals or banks
- Self-financing of candidates for office
- Up to £2mn per party available in grants from the Electoral commission
- Conservatives
- Attract large donations from wealthy individuals and business companies
- Labour
- Receives generous contributions from the trade unions
- However this may fall in years to come as rules for union donations change making it easier for individual union members to opt out contributing
- Receives generous contributions from the trade unions
- Smaller parties
- Don't have regular sources of income
- Disadvantage of small memberships
- Donors are less likely to give money to parties whose likelihood of ever being in power is small
- Donors who do give to small parties are acting out of idealism rather than only prospects of gaining influence
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