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


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Large financial backers are returning to the party after abandoning it during the Ed Miliband and Jeremy Corbyn eras

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.

Continue reading…Large financial backers are returning to the party after abandoning it during the Ed Miliband and Jeremy Corbyn erasLabour 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. Continue reading…