Forget about buying Peerages (actually, don't, but you know what I mean). Martin Kettle:
This time, however, the new prime minister will be chosen by Labour members and affiliates through the party's electoral college system. It means that 200,000 Labour members and several million mainly trade union affiliates will ballot to choose Blair's successor. That means there will be an election campaign, which means in turn that someone will pay for the campaign.So, who will be bankrolling Gordon's leadership campaign? Is that why they want a coronation, they can't afford it yet?
In its way, it will be a revolutionary moment in British party politics. And the most revolutionary thing about it is that, both in theory and practice, it is an opportunity for those who bankroll the candidates to purchase themselves instant influence and favours with the man who will be running the country. It will be Buy a PM time.