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City donations to Conservative Party spike despite scandals

New figures come as allegations of sleaze and Covid rule breaches threaten to engulf the political party in power

Lobbying scandals and potential Covid-19 breaches have rocked the Conservatives, but that has not stopped financiers donating
Lobbying scandals and potential Covid-19 breaches have rocked the Conservatives, but that has not stopped financiers donating Photo: Justin Tallis/Getty Images

City donors ramped up their contributions to the Conservative Party in 2021, despite mounting concern over Boris Johnson's premiership, his government's perceived flouting of their own Covid-19 rules and frustrations over Brexit.

Overall contributions from the largest City donors — which include hedge fund founder Sir Michael Hintze, Lord Peter Cruddas of trading platform CMC Markets, and Jon Moynihan, the chair and co-principal of venture capital firm Ipex capital — jumped by 21% in the 11 months to December 2021 to total £982,100, compared with £790,916 for the whole of last year.

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