Labour voters should be careful what they wish for, says top Tory donor

The billionaire Tory donor Lord Spencer has handed £250,000 to Rishi Sunak’s election campaign as the City gears up for the battle over No 10. Financier Lord Spencer, dubbed the most successful treasurer in Conservative Party history after he raised tens of millions for the Tories from 2006 to 2010, has kicked off a charm offensive ahead of the July 4 election as the City readies for a possible Labour government. Speaking from his ranch in Kenya, where he breeds critically endangered black rhinos, the tycoon – who made a fortune founding broker-dealer ICAP – says he has just given £250,000 to the Conservatives and now plans to “encourage all my business contacts to stick with the current government as a better choice than Labour” amid dire polling. The donation, his largest since 2019, comes as analysis shows that no incumbent party has voluntarily entered an election campaign with worse polling. Despite calling for an election seven months before he had to, Sunak is substantially behind his three predecessors David Cameron, Theresa May and Boris Johnson in the polls. Lord Spencer, who was a major donor to Boris Johnson’s successful leadership campaign, backs Sunak as leader and is ready to set out...

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