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Cameron generates money

Britain's electoral commission, published figures showing a surge in donations to the Conservatives within weeks of his becoming leader in Dec.

india Updated: Feb 25, 2006 19:43 IST

David Cameron, the young new leader of Britain's opposition Conservatives, has generated a "wall of money" for the party, a newspaper reported Friday.

Britain's party watchdog, The Electoral Commission, published figures that show a surge in big donations to the Conservatives within weeks of Cameron's becoming leader on December 6, the Financial Times said.

The Tories raised 3.26 million pounds (4.79 million euros, $5.69 million) in the fourth quarter last year, outstripping Labours 3.03 million pounds, it said.

Jonathan Marland, the Tory treasurer, said 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.

"You don't want to feel that one person is owning the party," Marland was quoted as saying.

However, in spite of this aim, figures published on Friday show the Conservatives are still prepared to accept significantly larger sums, when offered, the newspaper said.

Marland said there had been "quite a wall of money" during a period of "euphoria" after Cameron became leader, the Financial Times reported.

He predicted that better was to come during the first three months of 2006, with big donations from several of the individuals who backed Camerons leadership campaign, it said.

First Published: Feb 25, 2006 19:43 IST