Loans for Lordships Converted Into Donations

At first glance the just released Electoral Commission figures show that the Conservatives raised £5,315,271 (over 20% of which came from taxpayer subsidy) and Labour raised a total of £7,649,747 in donations.

Actually when you break it down it looks like Lord Sainsbury wrote off £2,511,808 in loans and interest, converting the debt into a donation, Sir David Garrard did the same for £352,278 and Sir Gulam Noon likewise for £307,576. J K Rowling put £1 million of her Potter profits into propping up Labour. The rest of the money came from the unions apart from a donation-in-kind from Saatchi and Saatchi for their crap “Not Flash, Just Gordon” campaign.

UPDATE : Contrary to the Press Association report which all the rest of the media (both broadcast and print) are using for their reports, the total figure for loans converted is not £2.25m. It totals £3,171,662 in loans and interest written off from Lord Sainsbury, Sir Gulam Noon and Sir David Gerrard – the latter in the form of a partial conversion of his loan and interest into a donation. Guido just confirmed this with the Electoral Commission. Don’t they check their sources? Guido 1, Big Media 0.



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Quote of the Day

Former Miliband guru Arnie Graf reveals Labour’s disconnect with the working class:

“On one of my trips to the U.K. in the autumn of 2013, I bumped into one of Ed’s strategists in Portcullis House. He asked me if I was assisting the staff on Ed’s trip that was to take place in a few days to one of the regions. I told him that I did not have knowledge of his planned trip.

He told me that Ed was going to give a talk at the region’s annual fund raising dinner and that prior to the dinner he had invited the media to join him at a local coffee shop to listen to a conversation he planned to have with a minimum wage worker. The point of the conversation was to show how difficult it was for a minimum wage worker to get on in life.

There was only one problem. No one had been able to locate a minimum wage worker for Ed to talk with.”

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