Latest figures from the Electoral Commission reveal that in the last quarter (Q4 2014) hedge funds gave the Tories almost £2 million in donations, which means donations from the hedge fund industry to the Conservative Party now total over £55 million.
Hedge funds were given a tax cut worth £145m by George Osborne in 2013
Analysis of Conservative Party donations shows that almost £4 million of donations in the last quarter came from donors who have attended exclusive private dinners with David Cameron and other senior Ministers, taking the total to £11.65m from dinner donors in 2014
Labour’s Shadow Cabinet Office Minister Jonathan Ashworth MP said:
“The Tories are now the political wing of the hedge fund industry.
“The Tory election campaign is increasingly reliant on those who dine exclusively at the Prime Minister’s top table and a select few from the world of finance.
“While this government has made working people worse off, hedge funds and millionaires have been given a tax break by David Cameron.
“The Tories’ plan is failing working families because their priority has been to help a few at the top. The choice at this election has now been crystallised. This government’s failing plan which puts hedge funds and vested interests first, or a better future built on the success of working families and raises living standards for all.”