Labour Party raises 15 times more than Tories in donations during second week of campaign
The Labour Party raised almost £4.4m in the second full week of the general election campaign – close to 15 times the amount brought in by the Tories.
Rishi Sunak’s party took in just under £300,000 between 6 and 12 June.
Reform UK raised more than double this figure, with £742,000 taken. However, £500,000 of this money was handed over by Britain Means Business, a company run by Reform’s deputy leader Richard Tice.
The Liberal Democrats also took in more than the Conservatives, raising £335,000.
The Green Party raised £20,000.
Labour raised £4,383,400 – and its partner the Co-operative Party raised £60,000.
Follow live: More bad news for Tory campaign
The Conservatives raised £292,500, according to Electoral Commission figures.
The Tory figure is also roughly half of what they raised in the first full week of the campaign.
Labour has raised almost 15 times what the Tories did. Pic: Reuters
Between 30 May and 5 June, the Conservatives took in £574,918, compared to Labour’s £926,908.
However, looking at the 2019 election, the Conservative Party raised 10 times this figure in the first week of the campaign – raising £5.7m between 6 and 12 November 2019.
Labour took in £218,500 at this time.
Who gave the parties the most money?
Digging into the breakdown from the Electoral Commission, we can see a bit more about who gave the different parties the most money.
As mentioned, Reform’s biggest donor is a company run by their deputy leader.
A man called David Lilley also gave the party £100,000, and another notable contributor was Holly Vukadinovic – the maiden name of model Holly Valance – who gave £50,000.
Read more:
What are the rules around political donations?
Analysis: Sunak misjudged audience on key issue
For Labour, the biggest donor was Lord Sainsbury, who gave £2.5m, followed by Autoglass boss Gary Lubner, who handed over £900,000.
Their largest union donation came from train driver body Aslef, which donated £100,000.
Keep up with all the latest news from the UK and around the world by following Sky News
For the Lib Dems, they received £150,000 from Adam Management Holdings, and another £100,000 from the late John Faulkner, a former party member who has left money to the party.
The Conservatives registered a £50,000 donation from “The Spring Lunch” – which is the name of one of their fundraising events – as well as £50,000 from Bestway Wholesale, a company which has a Tory peer named as a director.
Solana is becoming the preferred cryptocurrency for retail investors, bolstering analyst expectations for another year of significant gains as the industry awaits the first US spot SOL ETF.
Two Russian nationals face charges of conspiracy to commit money laundering and operating an unlicensed money-transmitting business, while one remains at large.
A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports9 months agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports3 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business2 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway