By Mikey Smith Labour raked in its highest ever amount of private donations last year, as the party fills its war chest to compete with the Tories’ election machine. The party continued to receive funding from trade unions, but the main increase came from individuals and companies – who gave more than £13million in total. Labour received around £19million in cash donations overall, while the Tories secured around £42million. The Liberal Democrats reported around £3million and Reform UK £255,000 in total cash donations for the year. Figures also show the Conservatives trousered £10million in do…