Ed Miliband this weekend attempted to con the British Public into believing that he is the man who is finally going to take “big money” out of British politics. He is lying!

Ed took to the Andrew Marr show and proposed that there should be a cap on personal donations to political parties of £5,000. Now there are many reasons why such a cap would be good news for the Labour Party.

Firstly, their finances are in disarray. We can see the effects of this with the Labour Party threatening to block Liam Byrne MP from standing for mayor in Birmingham, primarily because of the cost of a future by-election. If they could drag everybody else down to their level, they wouldn’t have to worry as much about the cost of by-elections and other party spending.

Secondly, the number of “big” donors to the Labour Party in comparison the the Conservatives is paltry. They simply do not inspire they same level of donations.

Finally, suggesting such a low cap (in comparison to the Conservative £50,000) allows them to take the moral high ground on the debate. They can portray the Conservatives as the Party of the Rich. Something they are desperate to “remind” people off as the cuts start to hurt.

And yet, would you believe it. In reality, it’s all a load of codswallop anyway. The cap would have nearly NO effect on financing the Labour Party. The cap would only affect “additional donations” from the trade unions, NOT affiliation fees which is the driving force of the Labour Party. In 2011, the cap would have affected £100,000 worth of donations, which is less than 1% of the £10,056,682 the Labour Party received from trade unions.

Ed Miliband’s latest attempt at political genius is to bankrupt the other political parties whilst still allowing the Labour Party to be run by the trade unions. Sadly Ed, you aren’t fooling anybody.

There is of course an issue with private donations and the influence that it has on British politics. We need only be reminded of the “Cash for Cameron” scandal only a few weeks ago. But is Ed Miliband’s latest attempt sincere? Not in the slightest.