Tories boosted by 5m donation from health entrepreneur after slump
The Conservatives have been handed huge 5m donationfrom a millionaire healthcare entrepreneur, as the party relies on a select group of mega-rich backers to boost its coffers.
Frank Hester, founder and chief executive of The Phoenix Partnership (TPP), has given the seven-figure sum to Rishi Sunaks party in a boost to the PMs spending power ahead of the next general election.
The news comes after The Independent revealed that Mr Sunak is being forced to rely on a small pool of wealthy donors.
An astonishing four-fifths of all individual donations made to the Tories since he entered Downing Streethave come from just 10 wealthy people.
Ex-donor Sir Rocco Forte claimed that the governments incompetence had driven many backers away, after Tory donations slumped in 2022 in the wake of turmoil under Boris Johnson and Liz Truss.
And Mohamed Amersi, who with his partner has donated 750,000 to the Tories, told The Independent that he would give money to Labour politicians.