keep The Representation of the People (Variation of Election Expenses, Expenditure Limits and Donation etc. Thresholds) Order 2023
This Order amends the Representation of the People Act 1983 and the Political Parties, Elections and Referendums Act 2000 to increase various thresholds for election expenses, campaign expenditure limits, and donation reporting requirements. Key changes include raising candidate election expense limits (e.g., from £8,700 to £11,390 for certain local elections), increasing political party campaign expenditure limits (e.g., from £810,000 to £1,458,440 for general elections), and adjusting donation reporting thresholds (e.g., from £1,500 to £2,230 for quarterly reports). Most changes took effect 1 January 2024.
While campaign spending limits restrict political speech and donation thresholds burden political participation—principles Friedman and Hayek would criticise—these regulations serve the essential function of maintaining democratic integrity by preventing wealthy candidates and parties from purchasing electoral dominance. Deleting them would allow unlimited campaign spending, enabling wealthy interests to overwhelm democratic participation and protect incumbents through information asymmetry. Unlike typical market regulations that distort economic incentives, these rules govern the political marketplace where asymmetric information and concentration of wealth pose analogous problems to those Adam Smith identified in commercial markets. The specific thresholds, while somewhat arbitrary, represent sensible calibrated limits that achieve their anti-corruption purpose without rendering political competition impossible.