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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/city-funds-half-of-tory-donations.jpg"><img class="alignnone size-full" title="More than half the donations to David Cameron's Tories last year came from the City, research suggests" src="http://londonglossy.com/wp-content/uploads/2011/02/min-city-funds-half-of-tory-donations.jpg" alt="More than half the donations to David Cameron's Tories last year came from the City, research suggests"/></a></p>
<p>More than half the donations raked in by David Cameron&#8217;s Tories last year came from the City, research has suggested.</p>
<p>Financial services firms and individuals donated £11.4m to the party in the first nine months of 2010, according to figures compiled by the Bureau of Investigative Journalism.</p>
<p>That was 51% of the total £22.5 million raised over the period &#8211; up from a quarter in 2005.</p>
<p>Stuart Wilks-Heeg of Liverpool University said: &#8220;Given we have just experienced a blow-out in the financial system and are witnessing an ongoing struggle over its regulation, the scale of Tory party funding from the City must be an issue.&#8221;</p>
<p>But a Conservative Party spokesman pointed out that George Osborne had just upgraded the bank levy.</p>
<p>&#8220;On the day that the Chancellor raised another £800m in tax from bankers, and after he has introduced the toughest rules on bankers&#8217; pay anywhere in the developed world, it beggars belief that anyone could claim that Conservative donors are influencing policy,&#8221; the spokesman said.</p>
<p>The Tories&#8217; close links with the City are well known. Two of the Square Mile&#8217;s biggest names, Icap boss Michael Spencer and hedge fund guru Lord Stanley Fink, have held the post of party treasurer in recent years.</p>
<p>The coalition is currently embroiled in tough negotiations with banks over their bonus payouts, tax contributions, and business lending.</p>
<p>However, the research indicated that the majority of big-ticket donors are hedge fund managers and brokers rather than bankers.</p>
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