Mon, 27 March 2023

Newsletter sign-up

Subscribe now
The House Live All
Press releases

Final election donations reveal Tories raked in millions more than Labour and still lost majority

Final election donations reveal Tories raked in millions more than Labour and still lost majority

Emilio Casalicchio

2 min read

The Conservatives lost their majority at the general election despite raking in £8m more than Labour in big money donations, new figures have revealed.

Theresa May managed to attract almost £13m from major donors while Jeremy Corbyn took in just £4.5m – mainly from trade unions – according to the final tally from the Electoral Commission.

But Labour coffers were boosted by more than £5m in small donations, the party confirmed today.

A spokesperson said: "Labour supporters donated over £5m to fund our campaign with an average donation of £20, arranged thousands of events across the country and tens of thousands volunteered.

"While the Conservatives ran a campaign in the interests of, and paid for by, billionaires and bankers, Labour's people-powered campaign showed that by coming together the British people can transform our country for the many not the few."

Parties must declare donations of more than £7,500 to the elections watchdog – but anything below that can pass under the radar.

In the final day of the election campaign the Tories reaped £50,000 in big donations while on election day itself they took in another £185,000.

Labour meanwhile received no donations in those two days but did declare an extra £10,000 from the previous week of campaigning.

The Socialist Party of Great Britain was the only other party to get a donation on the final day of campaigning – taking £16,300 from Charlotte Lilian O'Gorman.

Over the course of the campaign the Liberal Democrats received £1.1m in large donations while the Women’s Equality Party took £150,000 and Ukip £99,000.

The SNP received £63,000, the Green Party £53,000 and the Socialist Party of Great Britain £26,000.

The Conservative financial advantage did not deliver their hoped-for majority of Commons seats, however, with the Tories ending up with 12 fewer MPs than in 2015 while Labour gained 30.

PoliticsHome Newsletters

PoliticsHome provides the most comprehensive coverage of UK politics anywhere on the web, offering high quality original reporting and analysis: Subscribe


Political parties