UK Political Parties Receive Record Donations Ahead of 2024 Election

Donations to UK political parties surged to £93m in 2023, setting the stage for the most expensive general election campaign in history.

Political parties in the UK accepted a total of £93m in donations last year, nearly doubling the amount from the previous year.
The Conservative Party received significant contributions from new mega-donors, including £10m from healthcare tech entrepreneur Frank Hester.
Labour Party's fundraising reached a record high, with major donations from individuals like Gary Lubner, who contributed £4.5m.
The Electoral Commission raised the spending limits for the pre-election period from £19m to £34m, anticipating record spending before the election.
Chancellor Jeremy Hunt donated over £123,000 to his own constituency party, amid concerns of losing his seat to the Liberal Democrats in the upcoming election.