Sir Richard Caring lent Labour £2 million back  during the loans-for-lordships era under Blair. He didn’t collect a peerage but he has been collecting 6.5% interest on the loan, or some £130,000 a year. That is roughly £2-a-year from each and every single Labour Party member.

With the Tories now in power he has switched and donated £140,000 to them. Guido thinks it a deliciously witty joke to donate the Labour Party’s interest payments to the Conservative Party’s treasure chest…

Hat-tip: David Hencke