Poster by David Rosenberg
Who funds the Tory Party election campaign?Yesterday we showed how the Tory Party communications director, Andy Coulson was editor of the News of The World during a period in which that paper used people with criminal convictions to phone tap the voice mail of leading political figures including John Prescott, then deputy Prime Minister. members of the royal family and George Galloway MP amongst many others and asked a number of important questions including why was the police investigation dropped in to all this?Today we show how the Tory Party finance their pre election work in the key marginal constituencies and ask where is this money coming from and has UK taxes been paid on it?From the Independent: "Ashcroft's election war-chest targets marginals by Nigel Morris, Andrew Grice and Stephen Morris
Investigation by The Independent reveals Tory donor's strategy to clinch election win
The Tories have spent £6m over two years in the parliamentary seats that hold the key to general election victory, an investigation by The Independent has found. A drive for votes masterminded, and largely funded, by the Conservative deputy chairman, Lord Ashcroft, has seen party headquarters pump more than £1.1m into the coffers of constituency parties in Britain's most marginal seats.
Tory activists raised another £5m locally to build up huge cash reserves in seats they need to win with a small swing. The Conservatives, whose spring conference opens in Brighton today, need to gain 117 seats to put David Cameron in Downing Street with a majority of one.
An analysis of the accounts of Tory associations in those constituencies by The Independent shows they received a massive influx of cash from Conservative headquarters in 2007 and 2008. More than 50 were handed a total of £1,145,484 over the two years. Local donations, bequests and fundraising accounted for a further £4,983,460, resulting in a joint income of £6,128,944 in those associations.
Candidates from other parties have repeatedly complained they have been massively outspent in campaigning in marginal seats in recent years.
The Independent survey found that in Harlow, where Labour is defending a wafer-thin majority of 230, the Conservatives received £121,800 (of which £29,084 came from party headquarters) over the two years. That is equivalent to £1,050 for every voter the Tories need to change his or her mind. " More ........
So where is all this money coming from?
From Wikipedia: (start of quote from Wikipedia)
"Michael Anthony Ashcroft, Baron Ashcroft, KCMG, (born 4 March 1946 in Chichester), is an international businessman, philanthropist and politician. He holds dual British and Belizean nationality, and is a Belonger of the Turks & Caicos Islands.
Made a life peer in 2000, he is a Deputy Chairman of the Conservative Party. In the Sunday Times Rich List 2009 ranking of the wealthiest people in the UK he was placed 37th with an estimated fortune of £1,100 million.[1]
Ashcroft has close business and other connections with the Commonwealth country of Belize. In his 2005 biography, he admitted that it is a country where his interests have been "exempt from certain taxes for 30 years."[7] In 2009, the Prime Minister of Belize Dean Barrow told its parliament:[8]
“ | Ashcroft is an extremely powerful man. His net worth may well be equal to Belize's entire GDP. He is nobody to cross. | ” |
In 1981, Belize had gained independence from the UK. Seeing the opportunity to build an off-shore operations base and control the countries financial service, in 1984 Ashcroft formed Belize Holdings (BHI), which became the vehicle for a parallel acquisition spree during the 1980s, beyond the scope of Hawley .........
Ashcroft owns a Dassault Falcon 7X, registration VP-BLZ, via his Bermudan registered company, Flying Lion.[14] He owns two 150 feet (46 m) yachts, both registered in Belize........ In December 2005, he was appointed Deputy Chairman of the Conservative Party.[19]
During the "Cash for Peerages" controversy, on 31 March 2006 Ashcroft was named by the Conservative Party as having loaned it £3.6m.
On 12 October 2007 he was accused by Labour MPs of being allowed to heavily fund the local Conservative organisations in marginal seats of his choosing. The Electoral Commission is investigating and changes to the rules are predicted.
Significant donations made to the Conservative Party by Bearwood Corporate Services, a company controlled by Ashcroft, have also come under scrutiny. The trading status of the company, and thus the validity of donations totalling £3m, is unclear and is the subject of an investigation by the Electoral Commission begun in October 2008. Both Labour MPs and the Prime Minister have called for the process to be concluded in time for the next general election, due by mid-2010. Liberal Democrat Baron Oakeshott stated: "Democracy is in danger if Lord Ashcroft has been pouring millions into Conservative campaigns through an offshore pipeline from a Caribbean tax haven."[18][20][21]
Belize
Ashcroft allegedly gave the right-wing People's United Party in Belize $1m when it was in opposition.[2] During its period on power, it introduced laws that are claimed by opponents and media commentators to be financially advantageous to Ashcroft." (end of quote from Wikipedia).
So its no surprise is it that the Tory Party want to reduce Corporation Tax in the first year of any government they form!
Questions that need to be asked:
1. How much has Lord Ashcroft donated to the Tory Party election funds?
2. How much have the Tories already spent in marginal seats?
3. Has UK tax been paid on all the money donated to the Tory Party election funds?
4. Do we really want a government run by people like this?
5. When will the electoral commission complete its investigation (begun in October 2008)?
Sunday Update: £6million on marginals - Mirror.co.uk
Sunday Update from the Guardian:
"The Tories also face fresh pressure over whether their billionaire donor and deputy chairman, Lord Ashcroft, breached funding rules. The Liberal Democrats have written to the chairwoman of the Electoral Commission, Jenny Watson, to request that the commission concludes an inquiry into some of his donations before an election is called. The inquiry, which began 18 months ago, is into donations from a company owned by Ashcroft, Bearwood Corporate Services. The key question is whether Bearwood was operating as a fully functioning business at the time the donations were made.
The Lib Dem home affairs spokesman, Chris Huhne, warns in his letter to Watson that the legality of the general election result could be called into question if £5m in donations to the Tory party via Bearwood – including £80,000 in sponsorship revealed this week – are ruled illegal.
Ashcroft will come under pressure on two fronts this week to reveal details of his tax status. Some 78 Labour and Lib Dem MPs are backing an amendment by Labour's Gordon Prentice to the constitutional reform and governance bill, which reaches report stage next week. It would force any peer, whose elevation to the Lords was conditional, to reveal whether they have met the terms of the agreement. Ashcroft undertook to become UK resident – including paying tax – when he received his peerage in 2000, but refuses to say whether he has fulfilled that promise.
Prentice said: "Ashcroft has repeatedly refused to clarify his tax status. He has stonewalled for a decade while bankrolling the Conservatives, giving two fingers to the electorate. His millions are allowing the Conservatives to buy seats at the next election."
Spokesmen for both the Electoral Commission and Ashcroft refused to comment on the ongoing investigation."
Labels: Lord Ashcroft, Tory Party funding