Latest figures from the Electoral Commission reveal that in the last quarter (Q4 2014) hedge funds gave the Tories almost £2 million in donations, which means donations from the hedge fund industry to the Conservative Party now total more than £55 million, according to the Labour Party.
Hedge funds were given a tax cut worth £145m by George Osborne in 2013, and were offered hundreds of millions of pounds worth of shares in the Royal Mail when part of that national asset was sold off by the money-grubbing Coalition for a fraction of what it was worth.
Analysis of Conservative Party donations shows that almost £4 million of donations in the last quarter came from donors who have attended exclusive private dinners with David Cameron and other senior Ministers, taking the total to £11.65m from dinner donors in 2014
“The Tories are now the political wing of the hedge fund industry, said Labour’s shadow Cabinet Office minister, Jonathan Ashworth.
“The Tory election campaign is increasingly reliant on those who dine exclusively at the Prime Minister’s top table and a select few from the world of finance.
“While this government has made working people worse off, hedge funds and millionaires have been given a tax break by David Cameron.
“The Tories’ plan is failing working families because their priority has been to help a few at the top. The choice at this election has now been crystallised: This government’s failing plan which puts hedge funds and vested interests first, or a better future built on the success of working families and raises living standards for all.”
Who can argue with that?
Follow me on Twitter: @MidWalesMike
Join the Vox Political Facebook page.
If you have enjoyed this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Buy Vox Political books so we can continue
pointing out the obvious (in this case)!
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here: