Tory donations twice as high as Labour’s in last part of 2024

Some Tory sources sceptical of Kemi Badenoch’s leadership claim the party is struggling for its usual level of funds. Photograph: Jordan Pettitt/PA

The Conservatives raised twice as much in donations as Labour at the end of last year, including £250,000 from Michael Ashcroft.

Despite some Tory donors flirting with Nigel Farage’s Reform UK and others switching to Labour at the election, the party managed to raise almost £2m in the last three months of 2024 as Kemi Badenoch took over the leadership.