* An annual cap of £50,000 for donations from individuals, unions and companies
* Parties to get 50p per vote at general elections and 25p per vote at European elections, but you have to have 2 MPs to qualify
* Match funding for any donation of £5 or more
There are a few other things too, but these are the headline suggestions. All in all, this will provide £20 million per year of taxpayers money for political parties to
I see no attraction in any of the proposals. Labour is rejecting the cap and is arguing that it's unfair, because of their historical links with the unions, for them to be included. Strangely they don't see that the same argument equally applies to the Tories and business. If Labour don't acceded to the demands from Sir Hayden for unions to come within the remit of the cap then Francis Maude must walk away from the whole thing. To be fair, he has already said that's exactly what he will do.
Match funding is also a step too far. I'd entertain the idea of tax relief on party membership fees, but for the State to match a £50,000 donation seems to me to be crackers. Or have I misinterpreted that?
Hazel Blears' reaction to the proposals says very little, but says so much. She says she is "not convinced" by the proposals. Translated, it means that she actually agrees with them but she can't say so because she is running for the Deputy leadership of the Labour Party and needs to appeal for union votes.