Politics

Billionaire donated £500k to the Tory Party just days after joining House of Lords

Labour chairwoman Anneliese Dodds has accused Boris Johnson of “incredible sleaze” after it was revealed a billionaire donated half a million pounds to the Tory Party just days after joining the House of Lords.

Peter Cruddas was introduced to the upper house of Parliament on 2nd February and donated the money to the party on 5th February.

This was the largest cash sum the tycoon has ever donated to the Conservatives.

Lord Cruddas previously failed the Appointments Commission vetting process to become a peer, but the PM overruled its advice and made him a Lord.

Labour chairwoman Anneliese Dodds accused Boris Johnson of “incredible sleaze”, posting:

“Peter Cruddas resigned as Tory Treasurer amidst allegations of cash for access.

“He failed the Lords vetting process but Boris Johnson made him a peer anyway.

“He made a £500,000 donation to the Tories a few days later. Incredible sleaze from the PM.”

Vote Leave donations

Lord Cruddas, who is worth £1.3 billion according to the Sunday Times Rich List, has donated millions to the Conservative Party and gave large sums to the Vote Leave campaign.

The prime minister was criticised for approving Lord Cruddas’s appointment in December after the commission raised “historic concerns in respect of allegations made during Mr Cruddas’s term as treasurer of the Conservative Party”.

Ms Johnson has since defended Lord Cruddas’s appointment, saying: “The most serious accusations levelled at the time were found to be untrue and libellous.”

Shadow chancellor of the Duchy of Lancaster Angela Rayner said the revelation “stinks”.

In a tweet, she said: “What do the Tories do for a man forced to resign in disgrace amidst allegations of cash for access to government Ministers?

“They put him in the House of Lords with a life peerage and he coincidentally gives the Tories half a million quid.”

Revelation “stinks”

A Conservative Party spokesperson said: “Donations to the Conservative Party are properly and transparently declared to the Electoral Commission and are published by them.

“Fundraising is a legitimate part of the democratic process: the alternative is more taxpayer-funding of political campaigning, which would mean less money for frontline services like schools, police and hospitals – or else, being in the pocket of union barons, like the Labour Party.”

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Jack Peat

Jack is a business and economics journalist and the founder of The London Economic (TLE). He has contributed articles to VICE, Huffington Post and Independent and is a published author. Jack read History at the University of Wales, Bangor and has a Masters in Journalism from the University of Newcastle-upon-Tyne.

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