Lord Ashcroft is leading donor for Tory London mayoral candidate

Former party treasurer provides almost 40% of funding for Shaun Bailey’s faltering campaign

The Conservatives’ London mayoral candidate has received nearly 40% of his campaign donations from the former party treasurer Lord Ashcroft, who has been at the centre of a decade of offshore tax controversies.

Shaun Bailey, the challenger to Labour’s Sadiq Khan, has raised £255,000 in cash since the beginning of 2020, according to Electoral Commission records, but has been in effect heavily reliant on a £100,000 Ashcroft donation to keep his faltering campaign alive.

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