The date of the next UK general election has not yet been set, but one thing seems certain: the contest will be the most expensive in British history. Already, huge sums of money are flowing into party coffers. But what does that mean for our politics?
When it comes to political funding, Britain is something of an anomaly. Unlike in many European states, there is little public funding for parties. Like the US, British politics runs on private money but, unlike the US, our politics is cheap: the US elections in 2020 cost $14bn. The Tories spent just north of £16m securing their 2019 general election win.