Top Tory donor says he won't give party any more cash as he blasts Jeremy Hunt - 'No one really believes in driving the economy'

Asked if he would give them cash again, he told Camilla Tominey on GB News: “No. What's the point of having a Conservative government which is following policies which have been followed for the last 15 years and haven't delivered good growth?

“We have a sort of social democratic government in parliament.

"We don’t have a Conservative government and there's no one who really believes in driving the economy and changing the system to do that."

“Reform UK is sort of a protest party which will take votes from the Conservative Party and if it's allowed to grow to the level the Brexit party did, it could force the Conservatives into a different direction.”

Sir Rocco revealed he has yet to consider donating money to Reform UK but reiterated he wouldn’t be giving any more to the Conservative Party.

The businessman also spoke out against Chancellor Jeremy Hunt whilst on the show.

He added: “I’m not a fan at all. Everything is being blamed on Liz Truss.

"The thing that spooked the markets, more than anything else, was the subsidy on energy costs, which then was forecast to be 150 billion.

"We've continued with subsidising energy costs and it hasn't cost anything like that. It coincided with the Bank of England, maybe on purpose, announcing quantitative tightening on the same day as the mini-budget.

"Obviously, she (Liz Truss) rushed but things should have been taken much more quietly and steadily.”

The 78-year-old donated £100,000 to back Boris Johnson in the 2019 election.

Sir Rocco also previously paid for a £12,000 party at Brown's Hotel in Mayfair to celebrate Mr Johnson's victory in the Tory leadership contest.

Sir Rocco said he “didn’t regret” giving Boris Johnson money as he “got Brexit to happen”.