Labour has sold honours for as little as £50,000 according to a new study which has been sent to Scotland Yard detectives probing the cash for honours scandal.

It also reported donors are 1,657 times more likely to receive an honour than those who have not given money to the party, a staggering 7,000 times more likely to get a peerage and 10,000 times more likely to get a knighthood than any other member of the public.

The report by the right of centre think tank the Bow Group found that anyone handing £50,000 to Labour had a better than 50-50 chance of receiving an MBE, OBE, CBE, knighthood or peerage.

That compares with one in every 2,857 members of the population as a whole who are recognised for their public service. The report found that peerages are for sale for around £1million a piece. It accuses Tony Blair and his chief henchmen of a ‘blatant abuse’ of the honours system that is ‘bebasing’ politics.

The study of Labour donations since 2001 shows that one in ten major Labour donors has received a peerage, one in four a knighthood and one in seven a CBE.

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