The Conservatives and Labour have amassed huge war chests for the election, funded by the rise of megadonors giving millions of pounds as individuals or through their companies. Over the past year, the Tories have significantly outdone Labour, bringing in £44m, while Labour have drawn £24.6m – excluding public funds.
However, in the first quarter of this year, the fundraising was more evenly matched. The Conservatives brought in £8.48m, while Labour raised £7.38m – excluding public funds. The Lib Dems brought in £2.48m in donations during the quarter, and the Greens raised £400,000 but Reform UK, now led by Nigel Farage, got just £25,000 in that period.
