40 per cent drop in donations piles pain on Lib Dems
A grim year for the Liberal Democrats – during which they were trounced in by-elections and slumped to single figures in the opinion polls – has been capped by a spectacular fall in donations.
Nick Clegg’s party was given £2,481,707 in gifts during 2012, a drop of more than 40 per cent from the £4,161,018 it received the previous year.
The slide was disclosed by the Electoral Commission, which reported that donations to the other two main parties held up well over the period.
The drop in funding will intensify the growing financial pressure on the Liberal Democrats since they went into Coalition with the Conservatives. They are mounting an expensive by-election campaign in Eastleigh involving hundreds of activists and intensive leafleting and phone canvassing.
The party has a less reliable stream of income than its rivals. The Tories can count on large donations from rich individuals and companies, and Labour on trade union support.
A spokesman said: “Compared with the last parliament, we are raising more money from more people than ever before.” He said smaller donations not recorded by the Electoral Commission were also rising.
The Tories took £13,801,282 last year, slightly down on their total of £14,230,027 in 2011.
Labour donations crept up marginally from £11,963,093 to £12,036,055 last year.
- 1 Bill Clinton portrait features Monica Lewinsky reference, artist admits
- 2 What happens to your body when you give up sugar?
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
Bill Clinton portrait features Monica Lewinsky reference, artist admits
Japanese island overrun with cats after population explodes
China's 'Inconvenient Truth': video exposing country’s smog crisis watched 100 million times
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
£25000 - £35000 per annum: Recruitment Genius: Have you got a proven track rec...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£38000 - £48000 per annum: Recruitment Genius: This B2B content marketing agen...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...