Donor defections leave Tories struggling to pay the rent on their party HQ

Selective deafness: It doesn’t matter how many people shout at Theresa May to quit. She won’t go until she’s pushed.

Schadenfreude: It’s a German word to describe joy at an enemy’s misfortune – and it is appropriate, considering the Conservative Party’s funding problems are partly due to its Brexit failures.

Those problems aren’t going away, either – because Theresa May isn’t going away.

She’s the leader who messed up Brexit so badly that the deadline for the UK to leave the EU has already had to be pushed back twice.

And there’s no sign that she’s ready to quit – why would she? As far as she is concerned, she’s doing a great job. She’s living in a bubble, you see. Nothing critical registers with her.

But her party’s funding situation won’t improve until she goes, because donors are waiting to see who succeeds her before making any cash commitments.

So it seems the party that sets the individual above the group may be sunk by an individual who set herself above her colleagues.

There is also a certain satisfaction in the fact that the politicians who introduced the hated Bedroom Tax, forcing thousands – possibly millions – of people across the UK into rent arrears and making many homeless, may now – or soon – owe a significant amount in rent itself.

It’s poetic, really.

Funding for the Conservatives has dried up so badly that [it seems] the party is struggling to pay the rent on its headquarters.

Concern among activists and MPs deepened … as James Hosking, a City financier and one of the party’s most prominent donors, defected to Nigel Farage’s new Brexit Party.

The failure to secure Brexit is one of the main reasons for the crash in donations, with backers unwilling to provide more cash until the issue is resolved.

Fears are also mounting that Theresa May’s refusal to stand aside is starving the party of much-needed funding as donors are holding back to see who the Prime Minister’s replacement will be.

Source: ‘Dire’ funding situation leaves Tories struggling for party HQ rent

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3 thoughts on “Donor defections leave Tories struggling to pay the rent on their party HQ

  1. Michael McNulty

    The Brexit Party may be the new home for Tories whose party is probably finished. If it can field enough candidates in a General Election to stop Corbyn becoming PM plenty of Tories might join it to form a new party of the authoritarian hard-right.

    Britain will become a tax haven with few social costs, with pay and conditions driven so low we’d end up a sweatshop. We’d have no money to spend in their economy but as cheap labour it’s us they’d be selling and that always finds a buyer. Just sell low.

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