EU referendum: How much did it all cost?
Millions of pounds were spent by both sides ahead of today's vote
As voters head to the polls today in a historic referendum on whether or not to remain in the EU, the spotlight has turned to the financial cost of the campaign.
In the ten weeks leading up to today's vote, the Electoral Commission's campaign finance regulations have limited the two official sides, Vote Leave and Britain Stronger In Europe, to a spending total of £7m, while the spending limit for other registered campaigners (excluding political parties) has been set at £700,000.
However, this does not include donations from "permissible donors", which include individuals on the UK electoral register and UK-registered companies says the BBC.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Using official figures from the Electoral Commission, The Guardian estimates that the combined total given to both sides is around £28m, with Leave receiving £4m more than Remain, primarily from Tory donors.
Politico says "more than £6.4m in donations was given to other registered campaign groups, which must disclose any donation or loan worth more than £7,500".
Leave finances have come under intense scrutiny in the final days of the campaign after it was revealed that a former BNP member had donated £600,000.
Away from the campaigns, the total cost of conducting the referendum – which includes "the expenses incurred by counting officers in running the poll, the delivery by Royal Mail of campaign mailings and the cost of the central count" – has been estimated at £142.4m by the Cabinet Office.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
A final report on donations received in the last weeks before the poll will be released after the votes are counted.
-
Political cartoons for January 18Cartoons Sunday’s political cartoons include cost of living, endless supply of greed, and more
-
Exploring ancient forests on three continentsThe Week Recommends Reconnecting with historic nature across the world
-
How oil tankers have been weaponisedThe Explainer The seizure of a Russian tanker in the Atlantic last week has drawn attention to the country’s clandestine shipping network
-
Three consequences from the Jenrick defectionThe Explainer Both Kemi Badenoch and Nigel Farage may claim victory, but Jenrick’s move has ‘all-but ended the chances of any deal to unite the British right’
-
The high street: Britain’s next political battleground?In the Spotlight Mass closure of shops and influx of organised crime are fuelling voter anger, and offer an opening for Reform UK
-
Biggest political break-ups and make-ups of 2025The Explainer From Trump and Musk to the UK and the EU, Christmas wouldn’t be Christmas without a round-up of the year’s relationship drama
-
The MAGA civil war takes center stage at the Turning Point USA conferenceIN THE SPOTLIGHT ‘Americafest 2025’ was a who’s who of right-wing heavyweights eager to settle scores and lay claim to the future of MAGA
-
‘The menu’s other highlights smack of the surreal’Instant Opinion Opinion, comment and editorials of the day
-
Is a Reform-Tory pact becoming more likely?Today’s Big Question Nigel Farage’s party is ahead in the polls but still falls well short of a Commons majority, while Conservatives are still losing MPs to Reform
-
What does the fall in net migration mean for the UK?Today’s Big Question With Labour and the Tories trying to ‘claim credit’ for lower figures, the ‘underlying picture is far less clear-cut’
-
Five takeaways from Plaid Cymru’s historic Caerphilly by-election winThe Explainer The ‘big beasts’ were ‘humbled’ but there was disappointment for second-placed Reform too