In the last quarter of 2024, the Conservatives raised approximately £2 million in donations, significantly overshadowing Labour's £1 million. Key contributions include £250,000 from Michael Ashcroft. Labour's fundraising was hampered by business concerns regarding tax policies, particularly a national insurance hike. Conservative party sources expressed concerns about potential donor shifts towards Reform UK, which raised £280,000 in the same period. Overall, political donations in 2024 reached £100 million, down from £117 million in 2019, indicating a shifting financial landscape as election dynamics evolve.
The Conservatives managed to raise almost £2M in the last three months of 2024, significantly outpacing Labour's £1M, mainly influenced by key donations from notable figures.
Labour struggled to gain enthusiasm from businesses due to worries over the national insurance rise and other tax policies, affecting their fundraising efforts this election cycle.
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