Originally posted on NHAspace:
It costs a Conservative candidate £34,000 of their own money to get a seat in the Commons. Nearly half of MPs elected in 2010 took a pay cut to enter parliament. Put these facts together, and the papers start talking about MPs’ salaries.
But there’s a more important story here. The sheer cost of fighting an election campaign acts as a significant barrier to entry. Even the Greens, with one sitting MP, rely on five and six figure donations from private donors. Independents and small parties have to compete against excessively well-funded campaigns from the ‘Big Four’, who are to a certain degree able to buy power. Such a system is in dire need of reform; however any party that promises reform, but gets in using big money donors, is likely to want to keep the current system. We all know that Scrooge McDuck isn’t going to vote away his fortune in a hurry.
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