Labour Party raises 15 times more than Tories in donations during second week of campaign

Published

1 year ago

June 21, 2024

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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.

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.

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.

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.

Politics

Senator Tim Scott pushes for December vote on crypto market bill

Published

5 hours ago

November 19, 2025

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Senator Tim Scott pushes for December vote on crypto market bill

Senate Banking Committee Chair Tim Scott says he’s looking to mark up a crypto market structure bill next month to have it on President Donald Trump’s desk by early next year.

Scott told Fox Business on Tuesday that the committee has been negotiating with Democrats to reach a deal, but accused the party’s senators of stalling.

“Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world,” Scott said.

Law, Senate, US Government, Bills — *Banking Committee Chairman Tim Scott says a vote on the market structure bill could occur in December. Source:* *YouTube*

The House passed the CLARITY Act in July, which outlines the Commodity Futures Trading Commission and the Securities and Exchange Commission’s power to regulate crypto, and the Senate has been working on its own version of the bill.

Republicans on the Senate Banking Committee released a discussion draft on their section of the bill in July and suggested it would marry up with the CLARITY Act, and the Senate Agriculture Committee released its discussion draft on Nov. 10, which left much of the bill up for change.

The Agriculture Committee has jurisdiction over the CFTC, while the Banking Committee oversees the SEC and is leading parts of the bill relating to securities laws.

Bill will create clear rules and unlock crypto: Armstrong

Coinbase CEO Brian Armstrong said in a video posted to X on Tuesday that he was in Washington, DC, “pushing for market structure legislation,” and noted there had been “a lot of progress.”

“Senate banking is also working nights and weekends to get the next iteration of their text out, so we’ve got a good chance, I think, of a markup for this bill in December, hopefully get it to the president’s desk shortly thereafter,” Armstrong said.

“This would be a big milestone to get crypto unlocked with clear rules in the US, which would benefit all companies,” he added.

Where the bill will go from here

The CLARITY Act was one of three major crypto bills the House passed in July after a 10-hour voting session alongside the GENIUS Act, which aims to regulate stablecoins and the Anti-CBDC Surveillance Act, which outlaws central bank digital currencies.

As the Senate is working on its own version, the CLARITY Act will return to the House for final approval if it’s passed by the Senate. It would then be sent to Trump to be signed into law.