‘When power shifts, so does the money’: mega-donors fill Labour’s coffers

Keir Starmer and Rachel Reeves at the London Stock Exchange in September. They have painstakingly courted business. Photograph: Dan Kitwood/Getty Images

Labour HQ was shocked and delighted to discover the party had raised £4m during the first two weeks of the election campaign, while the beleaguered Tories managed just £290,000.

But according to a Labour donor who used to raise funds for the party, the adage “when power shifts, so too does the money” rings true.