Conservative Donors Flirt With Farage as Fight for UK Election Money Heats Up

The Conservative Party is losing support from some in the business and finance communities. Several say they will back Reform UK. 

Nigel Farage during his general election campaign launch in Clacton-on-Sea, UK, on June 4.Photographer: Chris J. Ratcliffe/Bloomberg
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At a fundraising dinner for big Conservative Party donors on May 21, UK Foreign Secretary David Cameron gave an upbeat speech. The economy was improving and the government’s plans were working he told the gathering. The party’s chief strategist Isaac Levido reinforced the message while party grandees such as Andrew Feldman and Stanley Fink — both with fundraising track records — were also present. The indication was that an Autumn election was on the cards.

It turned out Rishi Sunak had a different plan. Within 24 hours the prime minister had taken the country, and some members of his own cabinet, party and donor list by surprise, calling a snap general election for July 4. To some donors, Conservative Party strategy seemed at best confused.