Labour Leadership Rivals Rake in Huge Donations

The Corbynista line this morning is that Jezza is safe from a coup, several “hostile” MPs agree with Tom Watson that he should be “given time” and judged on the next set of local elections in 12 months. Knives are being put away yet potential challengers’ coffers are being filled…

It’s notable that Tristram Hunt has raked in £85,000 of donations from Blairite sources. He’s taken a wedge off Blair backer Lord David Sainsbury (for whom Hunt used to work as a SpAd), Stoke City FC chairman Peter Coates and mega-bucks private equity adviser Trevor Chinn. That is a huge amount to take in for one month…

Chinn has also given money to Dan Jarvis, a much mooted leadership rival who has been coining it recently. Jarvis also received £12,500 last month from major Labour donor Peter Hearn, who tried in vain to bankroll Corbyn’s opponents last year. That’s on top of his hedge fund cash that he really doesn’t like talking about.

Margaret Hodge has loads in the bank though it helps that she’s also making £5,000 per speech at the moment. If the coup is delayed for a year that is a long time to raise a war chest…

UPDATE: Allies of Tristram say several of the donations registered this month were actually received in previous months, but had to be re-registered due to an administrative error. He is slowly and steadily amassing a lot of cash…




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