From the TUC

Tories admit union cash doesn’t influence Labour (well kind of)!

09 Dec 2011, By

Money laundering?

One of the more spurious yet central reasons why right wing front groups hate union reps getting paid time to represent employees and negotiate with employers is because they’ve convinced themselves that this frees up cash that unions (or at least the minority of them that affiliate) can then give to the Labour party.  And a union trying to influence public policy is the thing they hate the most – apart from unions themselves obviously!

But wait – what’s this? It seems that unions aren’t the only groups that give cash to political parties.

A recent analysis by the FT of official electoral commission data found out that one group of people has been particularly generous to the Conservative party.  Over the last 10 years hedge fund managers have donated more than £14 million to the party, including more than £2million since the general election.

Now you may think that this a bit dodgy given the Tories’ opposition to things such as a Robin Hood Tax and apparent support for lowering the 50p tax rate; but no, it’s ok.  That’s because when asked if such donations influence party and therefore government policy, Conservative HQ said;

“There is no question of individuals either influencing policy or gaining unfair advantage by virtue of their financial contributions.”

So there you have it. Anyone (and I’d assume any organisation) who makes a donation to a political party in the hope that it will buy influence is clearly wasting their money.

Maybe now the members of the aforementioned right wing front groups can stop accusing humble TUC staffers of “running money laundering operations for the Labour party” and chill out a bit.

3 Responses to Tories admit union cash doesn’t influence Labour (well kind of)!

  1. Not in my name: Cameron ‘defends’ his 1% paymasters | ToUChstone blog: A public policy blog from the TUC
    Dec 11th 2011, 11:23 pm

    […] hedge funds exposed once and for all by, of all people, the Financial Times (£). As Carl Roper has argued over at Stronger Unions, attempts by Conservative Central Officer to argue that all this money […]

  2. Cameron is defending his party’s hedge-fund paymasters | Liberal Conspiracy
    Dec 12th 2011, 10:32 am

    […] exposed once and for all by, of all people, the Financial Times. As Carl Roper has argued over at Stronger Unions, attempts by Conservative Central Officer to argue that all this money doesn’t buy anything in […]

  3. Ian
    Dec 19th 2011, 9:37 am

    Now correct me if I am wrong, but don’t the Unions affiliated to Labour have a block vote and as such can influence Labour Party policy and even elections (qv Ed Miliband and the female who beat Prescott to the treasurer are clearly union influenced results if you break it down).

    Theres no equivalent grouping for Hedge fund managers within the tory party and this might be what they are getting at.