Wednesday, July 02, 2014

Tory Party Backers

The Conservative Party are well aware that in a period of economic difficulties it is not a good idea to advertise the immense wealth of their backers, so when they had a fund-raising dinner they made certain that no champagne would be served. 'There may not have been vintage Krug, but there was plenty of money, with guests worth a collective £10bn-plus. The leaked seating plan reveals an extraordinary coming together of British and foreign wealth - a who's who at the upper echelons of Cameroonian power. There were Greek shipping magnates, hedge-fund managers, cash and carry barons, investment bankers, and Russian tycoons.' (Guardian, 1 July) Perhaps to illustrate that it was not a completely frugal affair though David Cameron sat at a table with Howard Shore, the multimillionaire banker and Tory donor whose firm, Shore Capital, sponsored the event. RD

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