According to new figures, Boris Johnson’s Conservative Party property sector is now much more pine
Boris Johnson’s Conservatives have taken more than £ 60 million from the property sector over the past decade.
This is one-fifth of the notable donations received by the party, the highest proportion of any party in the UK.
Campaigners say financial dependence “puts pressure on ministers to provide special access.”
See more stories on the Insider Business page.
Boris Johnson’s Conservative Party has gained an “unhealthy financial dependence” on donations from the real estate sector, campaigners have warned, when they are new to measuring support for the party. What personalities have been revealed?
A study by Transparency International UK found that between January 2010 and March 2020, the Conservatives received .8 60.8 million from individuals and companies in the real estate sector.
That’s more than a fifth of the Conservatives’ reported donations, the highest proportion of any political party in the UK.
Most of that money came from a handful of individuals, with only one in every ten pounds of donations made to Conservative Party headquarters between 2015 and 2019 coming from ten donors.
Dink Hames, a former Liberal Democrat MP and director of policy at Transparency International UK, told the insider: The party is dependent. Those with economic interests are financially concerned.
“Unhealthy financial dependence on those with vested interests in a sector puts pressure on ministers to provide special access, which poses a real risk that decisions are in their favor. Breaking this dependence has an unnecessary effect. The key is to free the government to find bold solutions to address the threat of intrusion and to address the housing crisis.
Relations between the Conservative Party and the real estate sector are not limited to donations, and hundreds of meetings between ministers and groups have reported lobbying on property issues.
An analysis of government information from Transparency International UK’s ministerial meetings found that between January 2017 and March 2020, 669 meetings were held to discuss housing issues.
Individual Conservative MPs also have strong ties to the sector. An insider reported last month that former Welsh Secretary-General Elon Cairns had met with a Singapore firm in which the UK government had leased 500 million acres of real estate. Since leaving his ministry, he has taken a 30,000-a-year job with the firm.
Opposition Labor leader Anneliese Dodds, a member of parliament, said: Not surprisingly, the Conservatives are resisting greater transparency about property ownership, when the party’s coffers are filled with so much cash from big overseas property tycoons.
“This is another example of how transparency regulations are not appropriate for lobbying ministers,” he said. We need to know who the ministers are lobbying for, what they want from the government and when they are met it is discussed.
We need immediate reform. It cannot be the case that this is a rule for conservatives and for everyone else.
“Access and potential influence in British politics is vague. We know more about those who try to shape planning decisions in rural Ireland than we do,” said Dink Hems. White House decisions about personal interests in decision making and housing policy.
“Again and again we see government departments failing to comply with their transparency rules while the limited legal registration of consultant lobbies paints only a small part of this picture. To increase transparency and ensure this Given that there are few corners to cover up abuse, a major overhaul of UK lobbying laws is needed.
The group proposes eliminating the influence of major donors in politics by introducing a حد 10,000 limit on donations from each individual donor and company each year.
A Conservative Party spokesman said: “Government policy is in no way affected by donations to the party – they are completely different.
“Donations to the Conservative Party are announced to the Electoral Commission in an appropriate and transparent manner, published by them, and in full compliance with this law. Fundraising is a legitimate part of the democratic process. The alternative is to provide financial support to more taxpayers to run political campaigns, which would mean less money for frontline services such as schools, police and hospitals.
The Conservative Party is living up to its manifesto’s promise of more housing, while new housing supplies have reached their highest level in 30 years. Working with the housing industry is an essential part of building and rehabilitating bad homes and field lands.
Business Insider Emails and Alerts
The site lights up your inbox every day.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.