Labour has been boosted by a massive increase in donations as the party builds its war chest for the next general election.
Latest figures show the party was neck-and-neck with the Tories in the three months to September with both bringing in around £2.8million.
In total the Conservatives brought in almost £3million while Labour raked in £4.7million, according to the Electoral Commission.
When public funds are excluded, Keir Starmer's party accepted donations worth £2.83million while the Tories were on £2.89million.
A Labour spokesman said: “Donors are coming back to Labour because they can see we are a changed party that is serious about getting into government.
"We are very grateful for all support, large or small, as we gear up to fight the next general election".
The new figures represent a boost for Labour on the second quarter of 2022 where the party recorded just short of £1.5million in donations.
The Conservatives received donations of £4.7million in the same period when Boris Johnson was still Prime Minister.
But Labour is also expecting another increase in the next set of figures which are not due to be published until February 2023.
It is understood to have already raised twice as much in individual donations compared to the previous three months.
Francesca Perrin, the daughter of Tony Blair ’s biggest donor Lord Sainsbury, is among those on the most recent list with a donation of £500,000.
The party also received a £50,000 donation from Gareth Quarry - a multimillionaire former Conservative donor.
During the chaos of former Prime Minister's Liz Truss's short-lived Government, he hit out at the "GCSE economics" of the Tories.
He told The Times in October: “The Tories’ behaviour over several years has made the UK a laughing stock".
Mr Quarry added: "I do think Starmer and his colleagues really do want to build a very close partnership between government and business.”
Around £1.6million of the money Labour received came from unions, including £724,000 from Unite and £290,000 from GMB.
The latest release of donation figures comes as Labour continues to enjoy a double-digit lead in the polls.
Last week the Tories also suffered their worst defeat at a by-election in Chester since 1832 as Labour won 61% of the vote share.
