Labour has hosted high-profile donors at No. 10 Downing Street for a drinks reception as the party faces mounting pressure from within to reconsider its stance on political donations. Cabinet ministers organized the event for business leaders and philanthropists, including members of the party’s Rose Network, who contribute significant sums annually. The gathering occurred just days after Reform UK, a new right-wing party, received a massive £72 million in donations from two cryptocurrency billionaires, Ben Delo and Christopher Harborne, within 48 hours. This sparked concerns among Labour MPs and unions about the influence of large donations on politics. In response, Labour intensified its fundraising efforts, with party chair Bridget Phillipson sending out two fundraising emails to members. The messages urged supporters to contribute, highlighting the need to counter Reform’s financial advantage. Phillipson emphasized that while the £72 million donation was overwhelming, collective support from Labour members could ensure the party remains competitive in future elections. One email stated, “One person can’t match £72m. But thousands of us, standing together, can make sure Labour is as well-resourced for the fight ahead as it is possible to be.” The Trade Union Congress (TUC) has not officially supported a cap on political donations but has called for more action to address the growing influence of big money in politics. TUC leaders have debated whether to endorse a specific limit on individual donations while protecting trade union contributions, which they describe as the “cleanest money in politics” because it comes from workers’ membership fees. Paul Nowak, the TUC’s general secretary, criticized Reform’s donations as an “attempt to effect a corporate takeover of our politics” and warned that the situation should “ring alarm bells.” Despite the financial challenges, Labour has seen a more positive reception from union leaders since Andy Burnham became prime minister. Sharon Graham, leader of the Unite union, previously threatened to sever ties with Labour but now said Burnham had earned the party a “second hearing.” Other union leaders reported warmer interactions with the prime minister, feeling they are getting more attention than under former leader Keir Starmer. However, they caution that upcoming tests, such as the budget, will be critical for the government. Labour remains under financial strain, with a reported 84% drop in donation income and a £2.6m deficit from last year. Despite this, some within the party claim its finances are stable due to disciplined spending and increased fundraising.