Oral Answers to Questions

Wayne David Excerpts

Tuesday 9th July 2013 Commons Chamber

[The Deputy Prime Minister]

I should point out to my hon. Friend that the donation cap did not find favour among various parties in the recent cross-party talks. The issue of the day is: are parties in this House free of vested interests—yes or no? I do not think it healthy for the Labour party or, for that matter, the trade unions to have this dysfunctional relationship. I welcome what the leader of the Labour party is saying today and offer legislation on behalf of the coalition Government to turn his words into action.

[Wayne David (Caerphilly) (Lab)]

On the funding of political parties, in recent years donations to the Conservative party from hedge fund managers, bankers and others associated with the City of London have doubled to nearly £43 million. They obviously like the half-baked regulatory measures being introduced by this Government. What measures does the Deputy Prime Minister plan to take to ensure full transparency, so that these donations, to use his own words, are not allowed to distort the political process?

[The Deputy Prime Minister]

All parties in this House, if we are candid with each other, have had problems with the way in which big money circulates in politics. That is why I remain a keen advocate of a cross-party approach to getting big money out of political donations and why I am disappointed that the recent cross-party talks did not lead to fruition. We can make progress, which is why we are about to table a Bill on third party funding to limit the influence of non-political parties in the democratic process. I repeat what I said earlier: given that the Labour party finally seems to have had a change of heart over the way in which it organises its dysfunctional relationship with its financial backers, I hope that it will work with us to reflect that in law.