Exclusive: Higher limit reflects longer race, while cash-strapped party seeks £50,000 from candidates to cover costs
The Conservatives have set the spending limit in their leadership contest at £400,000, as the beaten and skint opposition party tries to use the race to cover costs.
Robert Jenrick, a frontrunner who has been preparing for the contest for some time, had pressed for a higher cap. The £400,000 limit is £100,000 more than it was in the last contest, two years ago.
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