John Caudwell, founder of Phones 4U and a notable Tory donor who contributed five hundred thousand pounds to the Conservatives before the last general election, has announced he will vote Labour for the first time in the upcoming election.

Caudwell criticized Prime Minister Rishi Sunak, describing him as an 'absolute dud,' while praising Labour leader Sir Keir Starmer for aligning with many of his views.

Despite his criticisms of Labour's VAT policy on private school fees, Caudwell views the party as the best option for Britain's future.

The billionaire, recently worth 1.537 billion pounds according to the Sunday Times Rich List, has become increasingly vocal against the current Conservative government.

Caudwell noted his support for Labour's commitment to GDP growth and the environment, highlighting past errors made by Sunak during the COVID-19 crisis.

He mentioned he hasn't donated to Labour yet but might consider it if they perform remarkably well.

Labour Leader Sir Keir Starmer expressed delight over Caudwell's endorsement.