Sunday, 2 October 2011

How The City Bankrolls The Tories

The Conservative Party has become reliant on the financial sector for more than half its annual income, new research shows. Since Mr Cameron became leader, the Tories have become increasingly dependent on City funding.

Dr Stuart Wilks-Heeg, executive director of Democratic Audit, which monitors the state of democracy in the UK, said: "The coalition agreement included clear undertakings to take big money out of politics but there appears to be no sign of this happening. What this study tellingly reveals is the scale of the Conservative party’s reliance on a variety of City interests at a time when the Conservative-led government is attempting to kick banking reform into the long grass."

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