THE Tories are facing a £25 million funding shortfall as their usual donors view backing a clearly losing horse as “pointless”, according to reports.
The party’s finances are so poor that it has been forced to use its overdraft just to pay staff, Bloomberg reported.
After Rishi Sunak took over as Prime Minister in October and appointed Nadhim Zahawi as Tory chairman, there was a £5m black hole in the party’s finances.