The political contest in most European countries is getting tougher and tougher as more and more people desire to get the top seats in public service. Huge amounts of financial investments are required by candidates in order to be able traverse their regions and their countries as they seek votes from the citizenry. Have you ever wondered how the finance these campaigns?
In this article, I seek to look at the 3 most common ways the political elite use to raise campaign funds.
1 The trend of crowdfunding
Crowdfunding has recently become a popular trend that many in the political class especially those with a small financial war chest choose to turn to. With crowdfunding, you don’t require much. All you need to do is set up a good website with an option for accepting contributions of any amount from the ordinary citizen.
If you have a compelling message, the small contributions from the millions of ordinary citizens can end up becoming a really good sum for you to run a successful campaign.
2 Cold calling
During campaign time, you have probably received a call from members of a candidate’s campaign team requesting you to contribute something small towards their campaign. Well, this is a very common and effective way of raising campaign funds because the fact that a candidate has reached out to you personally makes it difficult for you to refuse to contribute to their cause.
3 Door-to-Door campaigns
Some politicians take the initiative of visiting their constituents door-to-door as a way of demonstrating that as leaders they will be reachable. They also use this opportunity to ask for donations to finance their campaign. This is an act that many voters appreciate and it gives them more incentive to contribute towards a campaign.
There you have it. It’s however worth noting that politicians who have a large financial war chest will rarely engage in this type of fund raising and if they do, it’s always mostly just for show, a PR stunt meant to make them appear in touch with the electorate.
I trust that this has been an informative piece.
In my previous article, I talked about the bold steps the citizens of the United Kingdom took by voting to leave the European Union through the infamous Brexit. I looked at the two main economic benefits which made a lot of sense in supporting their departure from the EU.
However, with every advantage there is always a disadvantage. In this article, I will look at what I consider to be the two biggest disadvantages of Brexit for the UK.
The UK will lose foreign investment
Well, being a member of the EU was extra incentive for foreign investors to invest in the UK because they were confident of getting free access to the extended European market. This however is set to change because the UK will not keep enjoying the privileges it did of being part of the EU common market.
This will definitely be a concern for many international investors and they are likely to start reconsidering their investments in the UK.
The UK’s security may end up getting compromised
As a member of the EU, the UK gets the added benefit of sharing intelligence as well as other records with its counterparts in the EU. This is however likely to change once the UK fully exits the EU and the process of sharing intelligence and other data will become much more bureaucratic because the border crossings will no longer be open.
Unless the UK maintains the current status quo in terms of the security arrangement it enjoys as being a member of the EU then securing the UK borders will prove to be a challenge.
There you have it. At the end of the day, your choice to support or oppose the Brexit will be down to your own individual assessment of these pros and cons.
The debate on Brexit came and went, and the result of the referendum by the citizens of the United Kingdom to exit the European Union caught many in the world by surprise but we ended up accepting the result and now it’s time to prepare for and face the reality of Brexit.
Many people keep asking this question to date, was the Brexit good for the UK? Well I have two answers in this article that will answer this question in the affirmative.
It will result in an annual savings of £8.5bn for the UK
Did you know that member states of the EU actually have to pay an annual fee for their membership? And for your info, it’s not a small fee. The UK for instance pays a whooping £13.1bn annually for its membership. When you then subtract some of the direct financial benefits that the UK receives in exchange which totaled about £4.5bn, UK’s total contribution becomes £8.5bn.
The Brexit means that the UK will end up saving this sum which can be directed in other economic building activities say like reducing the cost of education or cost of living for the citizens.
The UK will have the freedom to negotiate trade deals
Did you know that member states of the EU jointly negotiate their trade deals? This is because the EU is an economic block therefore the deals are negotiated as a block and this therefore means that individual countries are not able to negotiate their own trade deals. Considering it’s a block, the deals have to benefit each member and this involves a lot of concessions.
Thanks to the Brexit, the UK will be free to negotiate its own trade deals and this means that it won’t have to make as much concessions as it did when it was a member of the EU. This simply means, better trading terms for the UK.
With such benefits which will trickle down to the ordinary UK citizens, the Brexit now makes so much sense.