A City financier who gave a six-figure sum to Nigel Farage’s Brexit Party had previously been a benefactor of the Conservatives.

At the last general election Jeremy Hosking gave £350,000 to the Tories, but said that he had since become disillusioned with the government’s failure to deliver an exit from the European Union.

“I have given £200,000, and urge all who wish to see a proper Conservative Party in Britain to support the [Brexit Party] as much as they can,” Mr Hosking told The Daily Telegraph. “If the Conservatives insist on diluting Brexit, what hope is there on other issues where a robust Conservative position needs to be advocated?” He added: “One of the reasons the anger is much bigger than the Conservative Party