Yvette Cooper and David Lammy will lead the Labor Party’s campaign to attract more private donors, HuffPost UK can reveal.
The Shadow Home Secretary and Shadow Foreign Secretary will become the new co-chairs of the so-called Rose Network, the fundraising coalition established under New Labour.
The move comes at a time when the party is intensifying its efforts to create a war fund for the next general elections.
Labor says it has seen 350 new members join the Rose network in the past year, a sign of its growing influence.
Cooper and Lammy will replace current co-chairs Rosena Allin-Khan and Anneliese Dodds, who will focus on their roles leading the party’s national policy platform.
Shadow Attorney General Emily Thornberry will also continue in her role as co-chair of the Rose Network.
A Labor source said: “The fact that the two most senior members of the shadow cabinet, David and Yvette, are taking on this role shows how seriously the party is looking to close the traditional funding gap with the Tories ahead of the next general election.” Taking.
With polls consistently placing Labor 20 points ahead of the Tories, there has been a renewed effort to bring the party into electoral standing.
When Jeremy Corbyn was leader, most of Labor’s funding came from trade unions and membership fees.
However, strained relations with trade unions over Labor’s stance on strike action prompted Starmer’s efforts to diversify the party’s income.
The Labor leader scored a major coup when Gareth Quarry, the multi-millionaire Tory donor, left the party following the collapse of the leadership of Liz Truss – branding the former prime minister and his chancellor, Kwesi Kwarteng, “enthusiasts”.
Labor overtook the Tories in donations for the first time in more than a year from July to September, taking in £4.7 million in total.
The Conservatives, hampered by the turmoil caused by Boris Johnson’s exit from office, saw donations fall by almost £3 million from the £5.4 million recorded in the previous quarter.
However, Electoral Commission figures also showed that Labor is still heavily dependent on trade unions for political funding, accepting £1.6 million in total.
Lammy and Cooper, who is considered one of the party’s most experienced fundraisers, both hit the headlines earlier this month for individual donations and earnings during this parliament.
An analysis by Sky News found the shadow foreign secretary had Earned over £200,000 since 2019He receives the majority of his income from his radio show on LBC.
During this, Cooper was one of a trio of Labor MPs to receive donations From MPM Connect, an obscure company partly owned by Labor donor Peter Hearn.
Starmer defended Lammy’s outside earnings as “part of the political process”, despite an earlier announcement that he would ban MPs from second jobs, with some exceptions.
HuffPost UK reported last year that Starmer wanted to centralize the party’s fundraising campaign for a possible snap election.
It was reported at the time that the Labor leader had forced his frontbenchers to stop fundraising for their own offices and instead focus on increasing the party’s own coffers.
This week both Starmer and Rachel Reeves, the shadow chancellor, made appearances at the World Economic Forum in Davos, Switzerland, an event attended by the world economic elite.
The pair have sought to project a more pro-business image than existed for Corbyn, who rejected the House during his leadership.
Reeves told the audience she wanted to “send a message” that under Labor “the British economy will be open for business again”.
“Labour wants to form the next government and so we think it is really important to talk to business and investors about our plans for the future.”
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