Billionaire Tory Donor John Caudwell Switches Support to Labour Party

John Caudwell, the billionaire founder of Phones4U and a major Conservative donor in 2019, has announced his support for Labour, praising Keir Starmer's transformation of the party. Caudwell, who donated £500,000 to the Tories to prevent Jeremy Corbyn from becoming Prime Minister, criticized current Tory leadership, including Rishi Sunak, calling him an 'absolute dud.' He expressed his admiration for Labour's focus on economic growth and environmental commitment, although he has not committed to financially supporting the party. Caudwell's shift symbolizes a broader trend, as other former Tory donors, such as Spencer McCarthy of Churchill Retirement Living, also express dissatisfaction with the Conservative Party and show interest in Labour. This change in allegiance among significant donors highlights growing business support for Labour's policies ahead of the upcoming election.