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Home Politics

Conservatives receive 26 times more in big ticket donations than Labour

Boris Johnson's party racked up £5 million from donors in the first week of the election campaign compared to just £218,500 taken by Labour.

Jack Peat by Jack Peat
2019-11-21 16:37
in Politics
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The Conservatives lined their coffers with 26 times more big ticket donations than Labour in the first week of the general election.

Boris Johnson’s party took a whopping £5 million from donors who pledged over £7,500, far more than just £218,500 taken by Labour.

One sided

The new figures have been published by the Electoral Commission as the battle for Number 10 heats up.

In total, £6,507,146 in donations was reported to the Commission between November 6 and 12 – less than the £7,054,844 for the same period in 2017.

That said, the donations were patently one sided.

Labour received the fourth-highest number of big ticket donations so far, behind the Conservatives, Liberal Democrats (£275,000) and Brexit Party (£250,000), although Jeremy Corbyn’s party traditionally raises more money through small donations, which are not declared in the same way.

Whoa….

For every £1 the Labour Party raised during the first week of this election campaign, the Tories raised £25. pic.twitter.com/5jfnpQ4RP4

— Theo Usherwood (@theousherwood) November 21, 2019

Russian money

The Brexit Party took a single donation of £250,000 from businessman Jeremy Hosking – a former Tory donor who has been a major backer of Nigel Farage’s operation.

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Tory donors include Russian banker Lubov Chernukhin, whose husband was formerly an ally of Russian President Vladimir Putin.

In 2018 the Tories accepted her bid of £30,000 in return for a private dinner with defence secretary Gavin Williamson in the Churchill War Rooms.

And she paid £160,000 at a previous event to play tennis with Boris Johnson .

The biggest backer of the Conservatives was theatre producer John Gore who gave £1 million.

He was also the party’s biggest donor last year.

The next three largest donors were the travel company Trailfinders, Countrywide Developers and WA Capital, who each gave £500,000 pounds to the party.

Related: Tories trick voters with fake Labour manifesto website

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