Tory leadership hopefuls must find £200k to make it to final round, sparking cash-for-favours row

Hefty fees and fears of donor influence

Tory leadership contenders are facing a hefty financial hurdle as they must come up with £200k to advance to the final round of the race, stirring concerns about a potential cash-for-favours scenario. Party insiders revealed that this financial demand comes amid Conservative HQ's financial struggles, with the amount candidates need to raise exceeding previous years.

Challenges and concerns

The four candidates progressing to the conference will be required to pay a £50k fee, while the final two competitors must come up with an additional £150k. While it is common for leadership races to involve financial commitments, the increased fees and additional costs for hustings could deter potential candidates and raise worries about donors expecting favors in return.

Party's response and reactions

A Tory Party spokesman defended the fees, stating that candidates will have ample opportunities to present their platforms to the membership during the conference. However, some MPs and former party leaders have expressed concerns that the financial demands could dissuade candidates and attract donors seeking influence. Former party leader Sir Iain Duncan Smith remarked that the amount required "does seem excessive."

Upcoming contenders and financial outlook

As the race for Tory leadership heats up, new contenders like Mel Stride have joined the competition to replace Rishi Sunak. With nominations closing soon, other prominent figures like Kemi Badenoch, Suella Braverman, and Dame Priti Patel are expected to throw their hats in the ring. The financial challenges faced by the party come at a time when Labour outpaced the Conservatives in fundraising during the recent general election campaign.