Sunak to hold meeting with Tory donors while Labour reveals support from business backers | Business News

Prime Minister Rishi Sunak is set to meet with leading Conservative Party donors in a bid to secure financial support for the upcoming general election campaign. The dinner meeting comes as the Tories aim to raise millions of pounds to fund their push to retain power in the surprisingly timed election triggered last week.

According to Sky News, the prime minister will engage with a small group of both long-standing and recent donors to discuss contributions to the Conservative campaign. This effort comes after reports that the party has been struggling to raise funds, despite City billionaire Lord Spencer’s recent donation of £250,000.

Meanwhile, Labour is gearing up to unveil a list of senior business figures who are endorsing the party ahead of the election on 4th July. A draft letter circulating among private sector bosses criticizes the Tories for overseeing an economy plagued by instability and stagnation. The letter aims to position Labour as the party that can bring about positive change and economic stability.

Speculation has arisen regarding the involvement of Sir Jim Ratcliffe, the Ineos founder and Manchester United Football Club joint-owner, in endorsing Labour. However, a Labour official denied his participation in the list of signatories.

Both parties are actively seeking support from business leaders as they gear up for what promises to be a closely contested election. The Tories have been reaching out to business leaders for media opportunities and support for manifesto pledges, while Labour is working to solidify its image as the party of economic progress and stability.