City donors give £1m boost to Tory election war chest

The Conservative Party’s war chest for the general election was handed a boost of 1 million. GBP this week after a fundraising dinner attended by hundreds of the City’s benefactors and a handful of Cabinet ministers.

Sky News has learned that the Tories’ latest city dinner, held at the Intercontinental Hotel in Mayfair, raised over £900,000 for the party’s coffers.

Sources said ministers including Kemi Badenoch, business and trade secretary; John Glen, Chief Secretary to the Treasury; Suella Braverman, the Secretary of the Interior; and Andrew Griffith, the city minister all attended.

About 400 people attended, according to insiders.

It was organized by Malik Karim, the leading city banker who served as party treasurer for a period.

A party spokesman said: “Our second city dinner was a huge success, bringing together senior figures from the city and industry and raising money for our campaign coffers.

“Our conference in Manchester next week will break records for corporate sponsorship and see over 350 CEOs and Chairmen attend.”

The dinner was held amid an increasingly fierce battle for support from the private sector ahead of an election to be held at the end of next year.

Earlier this month, Sky News revealed that the Tories had recently received one of the party’s biggest donations ever – a £5 million handout from Frank Hester, a healthcare software magnate.

Concerns about the state of the Tories’ finances had grown following Boris Johnson’s defenestration as leader, but the latest figures from the Electoral Commission also revealed a number of other big donations.

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