Britain's new Oppn leader rakes in money for Tories

The new leader of Britain's Conservatives, David Cameron, has generated a wall of money for the party so much so that the Tories are no longer seeking individual donations.

india Updated: Feb 25, 2006 17:31 IST

Within weeks of being appointed as the new leader of Britain's opposition Conservatives, David Cameron has generated a "wall of money" for the party so much so that the Tories are no longer seeking individual donations of more than 50,000 pounds, a media report has said.

According to figures released by the party watchdog, Electoral Commission, there has been a surge in hefty donations to the Conservatives after Cameron took charge on December 6, sources said.

The Tories raised 3.26 million pounds in the fourth quarter last year, outstripping Labour's 3.03 million pounds, the figures, released yesterday, showed.

The Conservative treasurer Jonathan Marland has said that the party was now balancing its books for the second year running and could be less reliant on a small number of wealthy individuals for most of its fund-raising.

He said there had been "quite a wall of money" during a period of "euphoria" after Cameron took over.

But he predicted that a better option was to come during the first three months of 2006, with big donations from several of the individuals who had backed Cameron's leadership campaign.

However, inspite of this aim, figures show the Conservatives are still prepared to accept significantly larger sums when offered, the report said.

First Published: Feb 25, 2006 17:31 IST