Article 6028B City donations worth £15m raise concerns over influence on UK politics

City donations worth £15m raise concerns over influence on UK politics

by
Kalyeena Makortoff Banking correspondent
from on (#6028B)

Total donated to parties by financial firms and individuals tied to the sector over two years, report says

Concerns have been raised over the City's influence on Westminster, after a report found financial firms and individuals tied to the sector donated 15m to political parties and gave 2m to MPs during the pandemic.

The campaign group Positive Money tallied the gifts, expenses and donations handed to MPs, peers and their parties, as well as the value of income from politicians' second jobs, saying it contributed to finance's oversized influence" on policymaking.

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