Conservative donations fall to lowest level since 2020

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The Conservative Party raised £2.9 million in donations between July and September, a significant decrease from previous years.

It comes after months of upheaval in the party and is the smallest sum they have gotten since the middle of 2020.

Similar sums were gathered by Labour during the same time period, totalling £2.8 million, including £1.6 million from labour unions.

Despite prior promises to reassess the party’s funding, the union Unite granted the party more than £700,000.

The SNP did not record any donations, while the Liberal Democrats received £1.4 million.

A source within the Conservative Party responded to the data by stating that it covered the six-week period when contributors contributed to leadership contests.

The Electoral Commission, the body that monitors how much money political parties spend, has released the most recent donations, which cover the months of July and September of this year.

Following incidents including COVID rule-breaking and Chris Pincher’s appointment as deputy chief whip, Boris Johnson resigned from his position as prime minister during that period.

Liz Truss was chosen to succeed Mr Johnson, but she was forced to resign after her economic plans caused market turmoil a few weeks later.

Political unrest appears to have hurt donations to the Conservative Party, which decreased from £4.8 million in the second quarter of 2022 to £2.9 million in the most recent three months.

One supporter who switched parties is businessman Gareth Quarry, who gave Labour £50,000 after giving the same sum to the Conservatives in 2016–17.

Unions contributed more than half of the party’s funding, including £196,000 from Unison and £728,000 from Unite.

Unite, Labour’s largest donor, stated earlier this year that the party’s funding was being reviewed.

It came after a contentious disagreement over pay for bin truck drivers in the city of Coventry between the unions and the Labour-run council.

Along with donations, Labour also received £1.9 million in public funds, which included money granted to the opposition parties to aid them with their expenses while participating in the Parliament.

The Liberal Democrats and SNP party requested, respectively, £296,342 and £396,300 from the government.