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Home Politics

Reaction as new figures reveal one in ten Tory peers have donated more than £100k to the party

"The UK political system is corrupt", Prem Sikka said as an investigation reveals peers have donated £50 million to the Conservative Party.

Jack Peat by Jack Peat
2022-12-30 10:50
in Politics
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New figures exposing the extraordinary sums being donated to the Conservative Party by its peers have sparked outrage on social media.

With speculation rife that more donors could be given a passage into the House of Lords in the coming weeks, figures compiled by the Guardian show one in 10 Tory peers have donated more than £100,000 to the party.

Last year under Boris Johnson, David Winton Harding, a billionaire hedge fund manager who had given £1.5 million to the Tories, was given a knighthood.

During his three years in power, Johnson submitted the names of six major donors for peerages, including three financiers: Sir Michael Hintze, who has given £4.5 million to the Conservatives; Michael Spencer, who together with his company has given about £7 million; and Peter Cruddas, who has donated £3.4 million.

Ministerial jobs

There has also been a growing trend of big donor peers being given jobs as ministers.

Most recently, Liz Truss requested a peerage for Dominic Johnson, a former party vice-chairman who has given more than £300,000 and was the business partner of her then business secretary, Jacob Rees-Mogg.

He was subsequently appointed as a trade minister, a job he then retained under Rishi Sunak.

At least six big donor peers have been given government jobs in the last decade, including two schools ministers (Theodore Agnew and John Nash), a Scotland Office minister (Malcolm Offord) and a business minister (Jonathan Marland). Dolar Popat served as a government whip.

“Serious risk of corruption”

Commenting on the findings, Duncan Hames, the policy director of Transparency International UK, said: “We are of the view that political party leaders shouldn’t be nominating and effectively appointing members of the House of Lords.

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“Their need to raise funds for their political campaigns creates a serious risk of corruption when they are also in a position to be able to offer that kind of patronage.

“We have a House of Lords that is already full and we also have a process by which people can be chosen because of their expertise and merit via a House of Lords appointment commission. There is no need to continue this arrangement which is bringing British politics into disrepute.”

Reaction elsewhere was similarly fierce.

We’ve compiled the best of it below:

27 Tories who donated £50 Million in total to Tory party given seats in House of Lords
Some become ministers controlling government depts inc Lord Dominic Johnson (gave £300k) & set up Somerset Capital with Rees Mogg, now Minister for Investment
Thoughts?https://t.co/IAP3nbI3s2

— Carol Vorderman (@carolvorders) December 29, 2022

Look I'm sure it's just a MASSIVE coincidence that 1 in 10 Tory peers are huge donors to the party, giving £50m in total… sure it would have happened anyway… just a pure fluke they were deemed suitable to lord it over us… move on… nothing to seehttps://t.co/tTgKU1QdBP

— Otto English (@Otto_English) December 29, 2022

This confirms the need to place a strict cap on the size of donations to political parties and reform the @UKHouseofLords. We need a second chamber, but not a link with cronies and those who have done nothing but donate. https://t.co/6SOZp7Wj7U

— Chris Rennard 🔶💙🇺🇦 (@LordRennard) December 29, 2022

One in 10 Tory peers gave more than £100k to party.

Peerages/Honours for sale.

UK political system is corrupt – parties funded by the rich shower gifts on them; austerity, wage cuts, NHS queues for the rest.

Nothing will change without mass protests.https://t.co/FvFhEIeVsS

— Prem Sikka (@premnsikka) December 30, 2022

Rishi Sunak promised integrity, professionalism and accountability.

Instead he’s delivered sleaze, scandal and cronyism.

This Tory PM is too weak to stand up to those who bankroll his party.

Keir Starmer’s Labour will restore trust in public office.https://t.co/iRb7VEdOZq

— Anneliese Dodds 💙 (@AnnelieseDodds) December 29, 2022

Under the Tories peerages are for sale. One in 10 Tory peers have given more than £100,000 to party. Completely discredits the parliamentary system. pic.twitter.com/XGHegao5rq

— Diane Abbott MP (@HackneyAbbott) December 30, 2022
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