Mmm...an important caveat there is that that effect would happen if one considers the impact on the UK as it exists in the absence of such hypothetical rules. I think that you'd find that if you put a cap in place, you would shortly thereafter discover a bunch of lawyers have produced financial structures designed to effectively work around said rules.
For example, there's a limit on how much one can contribute to a political party in the US, but one might contribute to various political action committees or to various non-specific-candidate-centered NGOs or so forth. I don't think that there's any limit on how much one can personally spend promoting a candidate.