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Monday, October 12, 1998 Published at 17:27 GMT 18:27 UK

Party fundraising: what the Tories want

The Conservative Party submitted its proposals to the Neill Committee on February 27, 1998. Although there was no formal announcement detailing recommendations, it appears proposals include the following:

  • Introduction of a new system whereby parties are allowed to continue to receive donations from companies and businessmen without having to name them;

  • A ban on foreign donations;

  • Naming any donor who gives more than 5,000 directly to the party;

  • Establishment of a Political Donations Institute to filter large donations from wealthy benefactors who do not want their identity revealed;

  • Rejection of Labour proposals for companies to ballot their shareholders before making any donation to a political party. But Tories support support legislation that requires disclosure of corporate donations in company accounts;

  • While remaining hostile to state funding of political parties, Conservatives call for "serious consideration" of other means of support from taxpayers, such as tax relief on political donations or the matching of money raised privately with state grants.

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