Tories get £50 million from hedge funds

The Electoral Commission has released figured from the last quarter which show that the Tories got £1.34 million in donations from hedge funds. This makes the total coming from hedge funds to the Tories a staggering £51.1 million.

It’s also worth noting (and surely not entirely unconnected…) that in 2013 Osborne also gave hedge funds a tax cut totally £145 million.

In response to these figures, Jonathan Ashworth MP,  Shadow Cabinet Office Minister said:

“David Cameron’s Tories are the party for a privileged few. The Tory election campaign will be funded by those who dine exclusively at the Prime Minister’s top table and a select few in the hedge fund industry. David Cameron’s hedge fund backers and millionaires have been given tax breaks while hardworking families are struggling to make ends meet. The Tories are standing up for those at the top at the expense of working people across the country. Whether putting private profit before patient care in the NHS or siding with the energy industry over consumers struggling with the cost-of-living crisis, David Cameron stands up for the wrong people.”