Tory finances are always ropey after expensive General Elections and the situation now is no different from 1997 and 2001. A number of rounds of redundancies have already taken place and last week eight out of twenty press officers were 'let go'.
Unfortunately desperately-needed new money is not going to come until the new leader is elected. Donors want to impress the new leader - they have little incentive to pour money into supporting the current lame duck leadership and Central Office team.
William Hague became Tory leader within weeks of the 1997 contest and donors began helping him immediately. The financial situation was particularly dire at that time - after enormous expenditure on the doomed and gloomy 'New Labour, New Danger' campaign. IDS was able to get on with the task of restoring Tory finances three months after the election date. He was elected in early September after that year's delayed June Election. The gap between election day and the new leader being crowned may be six or seven months this time round. That is a big gap for Tory treasurers to bridge and sources tell this blog that it's not proving to be easy.