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7 May 2017

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Accountability, Democracy, Inequality, Lobbying

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“Loads of Britain’s 100 richest people have donated more than £19 million to the Tories and nobody’s at all surprised”

“Some 35 of the richest 100 people in Britain have given £19 million to the Tories, it was revealed today.

More than a third of the Sunday Times Rich List, published today, are Conservative donors, according to a Labour party analysis.

The wealthy backers, who include property moguls, financiers and retail CEOs, have a combined net worth of more than £123 million. …”

http://www.mirror.co.uk/news/politics/loads-britains-100-richest-people-10375139

One thought on ““Loads of Britain’s 100 richest people have donated more than £19 million to the Tories and nobody’s at all surprised””

  1. If each of the 134 billionaires was worth exactly £1bn (and remember they will all be worth more than that) and each gives < 0.02% of their net wealth to the Conservatives i.e. £200k that would be £27m.

    Assuming that they make a conservative 5% return on assets, their profits before tax are going to be c. £50m. If the Tories lower Corporation Tax and the top rate of income tax by 1%, then they will stand to gain £500k each per year or £2.5m between elections.

    £2.5m is a pretty good return on an investment of £200k – no wonder the Tories find it so easy to raise money from the super-rich.

    Conservatives – government BY the rich FOR the rich.

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