Q. Which party appoints a double-barreled, privately educated, graduate of Oxford and Stanford, ex-McKinsey turned City grandee and co-author of “The New Capitalists“ as chief?

A. David Pitt-Watson of City fund managers Hermes is the new general secretary of the Labour Party.

He also gave £2,500 to Gordon’s leadership non-campaign.

UPDATE : If he has been brought in to clean-up Labour’s finances post the Abrahams scandal this will be tricky. Chris Grayling points out that he was a secret just-below-the-£1000 reporting threshold donor of £990 to Wendy Alexander’s campaign. He was with Peter Watt, the disgraced former Secretary-General of the Labour Party, director of a fund which has donated £110,000 to the Labour Party and a leading figure in an unincorporated association (LFIG) which has given hundreds of thousands of pounds to the Labour Party without revealing the original sources of funds – just like the Tory supporting Midlands Industrial Council. Does that fill you full of confidence that Gordon really means to be more transparent and straight about political funding?