Parliamentary Search

Written question asked by Lord Pearson of Rannoch (UK Independence Party) on Monday, 13 July 2015, in the House of Lords. It was due for an answer on Monday, 27 July 2015. It was answered by Lord Sewel (Non-affiliated) on Monday, 20 July 2015 on behalf of the Chairman of Committees (HL).

Political Parties: Finance

Question

To ask the Chairman of Committees how much Cranborne money will be given to (1) the Liberal Democrat Party, and (2) the Labour Party; and over what period of time.

Answer

The maximum amount of financial assistance available to opposition parties will be: £259,357 to the Liberal Democrat party in the period 8 May 2015 to 31 March 2016; and £577,871 to the Labour Party in the period 1 April 2015 to 31 March 2016. The amount given may be less, depending on claims.

For each subsequent year, the maximum amount for the previous year is increased by the percentage (if any) by which the retail prices index for the previous March has increased compared with the index for the March before that, and (if the resulting amount is not a whole number of pounds) rounded to the nearest pound. The full-year equivalents on which the calculation will be based are £288,525 for the Liberal Democrat party and the amount set out above for the Labour party.

Financial assistance is available to assist the Opposition, the second largest opposition party and the Convenor of the Cross-Bench Peers in carrying out their Parliamentary business.

Secondary information

Type
Written question
Reference
HL1376
Session
2015-16
Subjects
Finance House of Lords Labour Liberal Democrat
Contains statistics
Yes
Link
View this Written question on www.parliament.uk