Helen Duffett

Conservative party finances worsening

By | Mon 8th December 2008 - 8:45 am

As Mark blogged here last week, Conservative Party headquarters are having to lay off staff and look more closely at their finances.

Now ConservativeHome reports that the situation is getting worse, with the headline: “Waste, over-spending and poor revenue strategies contribute to CCHQ’s deteriorating financial position”

To paraphrase George Osborne (and Fraser Nelson in the News of the World) the Tory leadership did not fix the party’s finances during the good economic times and are now facing very difficult decisions as a consequence.

Fraser suggests that overall income is down by 10%, that the number of £50,000 donors may have halved and that David Cameron has personally authorised up to £2m of extra expenditures, none included in the budget for the year.

The credit crunch is obviously not Conservative Party’s fault but the effect would have been more limited if there were better financial controls and a more strategic view at CCHQ.

Read the full story here.

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