As we watch the consequences of big-money's grip on politics unfold in the United States—where cash can buy access, influence and jobs in the highest office—we ask: is there too much money in UK politics today, are our politicians reliant on too few donors, do voters even know who they all are, and what should be done about it?  

Cheques and Balances: Countering the influence of big money in UK politics provides a comprehensive analysis of political finance in the UK over the last two decades. It highlights the growing cost of politics, and an increasing dependence by some parties on a small pool of mega-rich donors. Compounded by vulnerabilities in electoral laws that allow questionable funds to enter party coffers, this combination has thrown the door wide open to cash-for-access, undue influence, and foreign interference. 

Big money in politics is now a problem that cannot be ignored. The incoming Government has made a welcome manifesto commitment to protect our democracy by strengthening the rules around political contributions. With its sizeable majority, Labour has an opportunity to reverse a dangerous trend.  

This position paper lays out necessary and practical steps to do so.