Conservative donors abandon Theresa May's party to back new Brexit referendum campaign

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Conservative donors abandon Theresa May's party to back new Brexit referendum campaign
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Exclusive: Conservative donors abandon Theresa May's party to back new Brexit referendum campaign

Exclusive: Conservative Party funding is drying up as former donors divert their cash to campaigning for a second Brexit referendum.

"I am still a Conservative party member, but I wouldn't donate at the moment because I think their European stance is anti-business," he told Business Insider. The Right to Vote group, which was founded by eight Conservative MPs, has received multiple other large donations from Tory-supporting business figures.

The Conservatives' chief executive, Mick Davis, has reportedly been forced to reach into his own pocket to cover some of the costs of the European elections and has told ministers that supporters have been deterred from donating due to infighting over Brexit.

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