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Badenoch says Tories almost bankrupt after humiliating election defeat

KANIKA SINGH RATHORE, 03/11/202503/11/2025

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conservative Party almost went bankrupt after Worst election defeat ever As donors considered pulling their funds, Kemi Badenoch Have accepted.

tory leader She said she spent her first few months in office “working furiously behind the scenes”, leading some to feel she was “doing nothing”.

talking to bbc News broadcast like after a year conservative Ms Badenoch, the leader, said that engaging donors “really took up a lot of my time”, adding that she wished she had spent “a little bit more” time there.

But he added, “Without money no party can survive.”

Asked if there was a risk that the Conservatives could go bankrupt, the Tory leader said: “Yes, there was.”

Ms Badenoch takes charge of the party following a leadership contest triggered by the resignation of Rishi Sunak following its defeat in the 2024 general election, which saw the party lose 250 seats.

Over the past year, the Tory leader has slowly begun to craft a new policy platform for the party, insisting she will rebuild the Conservatives’ vision for Britain – but progress is being made. Talk about leadership challenge amid poor approval ratings.

Robert Jenrick The favorite to succeed him.

But Ms Badenoch said: “This first year of my leadership has been about rebuilding. Rebuilding our party, our principles and our plan for Britain.

Kemi Badenoch says she is 'rebuilding' the party as she fights rumors of a leadership challenge
Kemi Badenoch says she is ‘rebuilding’ the party as she fights rumors of a leadership challenge ,pa wire,

“After the defeat in 2024, we were faced with a choice: retreat into slogans, or rebuild around values. We chose rebuilding.

“The conservative Party Now once again what made Britain strong in the first place has come to the fore – responsibility, fairness, competence and pride in our nation.

He also pointed to the large number of donations the party received last year, an area where it has outperformed its political rivals.

“As we rebuild, we have been united at the same time, raising more money than other parties and exposing the hypocrisy of Labour’s behavior and the weakness of their policies, forcing a U-turn on winter fuel payments, grooming gangs and welfare cuts,” Ms Badenoch said.

He added: “I have spent this year offering the country a serious alternative to the weakness of the Labor Party: a plan for a stronger economy and stronger borders.

“Conservatives have set out detailed, cost-effective policies to cut waste, lower taxes, control immigration and reward work. We’ve shown how to fix welfare, stop the boats, cut energy bills and make work pay again.”

Despite her insistence that the party is providing a credible alternative to the Labor government, YouGov’s latest poll showed voters have yet to be convinced by Ms Badenoch: 12 per cent believe she is prime minister in waiting, while 62 per cent do not.

According to the survey of 2,136 British adults conducted between 28 and 29 October, a majority of Conservative members, 54 per cent, believe she is doing a good job as party leader, while 24 per cent say she has done a poor job.

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