Tories droop to FOURTH in election fundraising desk
The Tories raised less than £300,000 in donations during the second week of the general election campaign, official data has shown.
According to Electoral Commission figures, the Conservatives were only the fourth-best supported party between 6 to 12 June when they received £292,500.
The fundraising efforts of Rishi Sunak‘s party were dwarfed by Labour, who raked in £4,383,400 over the same period – nearly 15 times as much.
The £742,000 donated to Reform UK was almost twice as much as the amount given to the Tories, while the Liberal Democrats scooped £335,000.
The Green Party received £20,000 over the same period, according to the watchdog’s data.
In the run-up to polling day on 4 July, all registered political parties must submit four weekly reports setting out donations and loans received over £11,180.
The fundraising efforts of Rishi Sunak ‘s party were dwarfed by Labour , who raked in £4,383,400 over the same period – nearly 15 times as much
According to Electoral Commission figures, the Conservatives were only the fourth-best supported party between 6 to 12 June when they received £292,500
In total, UK political parties received donations wortk £5.8million between 6 to 12 June.
This was more than the £3.25million in total donations received by parties between 30 May to 5 June.
During the first reporting period of the general election campaign – excluding public funds – the Tories received £574,918, Labour £926,908, the Lib Dems £454,999, and Reform £140,000.
The latest figures showing Labour are continuing to earn more in donations than the Conservatives will add to fears the Tories’ money is drying up as Mr Sunak fails to eat into Labour’s opinion poll lead.
Prominent Conservative backer John Caudwell, the founder of Phones4U, recently announced he is supporting Labour.
The billionaire previously donated £500,000 to theTories ahead of the 2019 general election.
Reform are reported to have had their war chest boosted by money from thousands of new members, as well as pledges from bigger donors, following Nigel Farage’s return as party leader.
A Tory source recently told the PoliticsHome website: ‘We are certainly struggling on donations.
‘I know big donors who are adamant that they are not going to support the current Conservative Party.’
