The wealthy businessman who Labour believes can help them win over more rich financial backers to help them build up a pre-election war chest 🔎 DavidParsley50 reports
can reveal the wealthy businessman who the party believes can help them win over more rich financial backers to help them build up a pre-election war chest.
Sources close to Lubner, stress that this role will not amount to a formal fundraising position within the party. But they are clear about his future commitment. The former Jewish Leadership Council chairman and property investor, who was one of the main speakers at the Enough Is Enough demonstration against anti-Semitism in the party, now believes that the backers of the Blair and Brown governments are returning to Sir Keir Starmer’s Labour.
However, Reynolds believes that in some ways Starmer’s party is better placed that Blair’s New Labour at this point in the electoral cycle. A concrete success is the return to Labour of one of the UK’s largest political donors, Lord Sainsbury. Having backed the Liberal Democrats anti-Brexit stance in 2019 with a record £8m donation, the former supermarket magnate gave Labour £2m in February, his first multi-million gift to the party since 2016.
“Leading figures want a dialogue with the private sector to road test policies that will work. There is also a recognition that public services cannot be repaired and revitalised without the taxes that are generated by wealth creation.”
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