Conservatives eye £19.5m funding drive ahead of June election : The Guardian

SUBSTRATUMS

Late push comes amid fears from some within party that donations have fluctuated since EU referendum.

The Conservatives have launched a late push to raise up to £19.5m for the general election campaign as the party seeks to capitalise on its wealthy supporters.

The fundraising follows concerns among the party hierarchy that donations have fluctuated since the EU referendum. Many of the hedge fund directors who were friends of the former prime minister David Cameron, or wished to stay in the European Union, have melted away.

Fears over finances quashed plans by Theresa May’s team to drop the Tories’ annual Black and White Ball, party sources confirmed.

Soon after May became prime minister, it was reported that her aim of becoming the party of working people should not be associated with photographs of multimillionaires rubbing shoulders with ministers before taking part in an expensive auction.

A watered down and lower…

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