What does a peerage cost?
On average the answer is apparently £1 million, made in donations or loans to the Labour Party.
But a contribution of just £50,000 brings a 50-50 chance of receiving an honour, according to a new study.
Statistical analysis showed that 58.54 per cent of all donors giving more than £50,000 to Labour received an honour, compared to just 0.035 per cent of non-donors.
The study, published by the Bow Group, a centre-Right think-tank, shows that large Labour donors are more than 1,000 times more likely to receive an honour than a non-donor, andnearly 7,000 times more likely to get a peerage.
The survey suggested that gaining a seat in the House of Lords is cheaper than it was in 1922, when Lloyd George, the former Liberal prime minister, was selling honours.
At that time becoming a lord cost £50,000 or £1.9 million in today's prices.
But other honours are more expensive - a knighthood costs £747,683 compared to £15,000 (£571,923) in the 1920s.
2 comments:
There you go shattering all my hopes of glory.
How I had dreamed of joining Sir Rudy on the road to glory, and now it's back to grading papers.
Yes, knighthoods don't come cheap either.
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