Socialist Worker

Rich donors: Milk and honey for bosses

Issue No. 2272

Tory prime minister David Cameron bleated this week, “We were living beyond our means, so part of the boom was a very false boom.

“I’m not a gloomster,” he said, oddly. “We shouldn’t overdo the gloom but we shouldn’t paint a picture of a land of milk and honey we are going to create in five years.”

But there is milk and honey for the bosses, who are flooding the Tories with cash to thank them for looking after their interests.

Hedge funds, financiers and private equity firms contributed more than a quarter of all the Tories’ private donations over the past

12 months.

The top city donor was David Rowland, who contributed £1.1 million.

Rowland was forced to resign as party treasurer before he started—because he keeps most of his cash in offshore tax havens.

More than 70 bosses and bankers donated at least £50,000 to the Tories in the past year.

In return they got to meet David Cameron for an hour.


Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Article information

News
Tue 4 Oct 2011, 18:02 BST
Issue No. 2272
Share this article


Mobile users! Don't forget to add Socialist Worker to your home screen.