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Liberal Democrats face soaring fines for failing to win enough votes

Liberal Democrats face soaring fines for failing to win enough votes
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Oh dear. Not only have the Liberal Democrats only won eight seats so far compared to the 56 taken in 2010, many candidates face losing their deposit.

If a candidate fails to win five per cent of the vote in their desired constituency then they are subject to a £500 fine. Unfortunately the Liberal Democrats have had many candidates do exactly that. So much so that the Twitter account LibDem Deposits has been set up just to keep a tally of their fines:

Going to be honest, we didn't think we'd be *quite* this busy tonight.

— LibDem Deposits (@LibDemDeposits) May 8, 2015

It started off modestly:

£500 — LibDem Deposits (@LibDemDeposits) May 7, 2015

Then spiralled:

£14,000

— LibDem Deposits (@LibDemDeposits) May 8, 2015

The account is now reporting that the current total of fines is an enormous £157,000. This would mean that out of the 631 Liberal Democrat candidates that ran 314 failed to get five per cent of the vote:

£157,000

— LibDem Deposits (@LibDemDeposits) May 8, 2015

In the 2010 election the party did not lose any deposits.

Update: The number of Lib Dems who need to return their deposit has increased to a whopping 335. That means the total bill for the party is £167,500. Given that the party received £234,000 in the first month of the campaign, they are at least breaking even.