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Sunak set to put City heavyweights on trial in £10,000-a-table Tory fundraiser | business news

Rishi Sunak will try to put his recent political woes behind him this week as he woos the city’s notables at a Conservative donor dinner aimed at boosting party finances.

Sky News has learned the Chancellor will speak at the event in central London on Tuesday night, with guests being charged £10,000 for a 10-person table.

Sources said the dinner was organized by Malik Karim, the investment banker who was appointed Tory Treasurer last September.

He is said to be keen on expanding the party’s donor base in an industry that has historically been a reliable source of funding, and wants this week’s opening dinner in the city to become an annual event.

Ironically, major Tory donors who are members of the House of Lords will not be able to attend Tuesday’s dinner as they have been told to be available to vote in the chamber.

It is understood Mr Sunak was promoted as the guest of honor at the event, with tickets costing £1,000 a head.

Single ticket buyers would not have to disclose their purchase, although anyone buying a whole table would do so due to the £7,500 threshold for declaring political donations to national parties.

The Chancellor has endured the toughest month of his political career amid scrutiny of his family’s tax affairs and the facing penalty he received alongside the Prime Minister for attending a Downing Street gathering during one of the pandemic lockdowns.

Mr Sunak has asked the government’s independent ministerial adviser to investigate whether he has adequately disclosed his financial interests since stepping into the front benches.

The Treasury declined to comment.

Sunak set to put City heavyweights on trial in £10,000-a-table Tory fundraiser | business news

Source link Sunak set to put City heavyweights on trial in £10,000-a-table Tory fundraiser | business news

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