Guido has suggested previously that Michael Spencer has given the Conservative party £1m+. Tonight on Newsnight that was denied to Michael Crick. Technically he may be correct.

However Spencer’s Intercapital Private Group Ltd has actually given £326,500 at the last count. Guido understands that Lynton Crosby’s election campaign bill was also sent in the same direction – which was not unadjacent to £450,000. A few personal donations of around £80,000, a little help for Dave’s leadership campaign (including Spence’s Netjets card) and throw in the odd auction bid and, you know, it is nigh on near enough £1 million.

Guido would never expect Spence to be outgunned by his bitter moneybroking rival, the Labour backing Derek Tullet, who gave Labour a mere £400,000. So if Spence wants to get in touch and clarify the arithmetic, just email guido.fawkes@Order-Order.com.