Tories auction off City internships to raise funds

Supporters pay thousands to get their children work experience in hedge funds and banks.

The Conservative Party banned the press from its Black and White Party (it used to be a "ball"), but that hasn't stopped the news leaking that it raised funds there by auctioning work experience opportunities with banks and hedge funds.

The Mail on Sunday reports that lots at the £400-a-head party included five internships at City firms, which raised £14,000 in all. The Labour MP Tom Watson told the Mail: "This is a crass example of rich Tories buying privilege. Most young people could only dream of this opportunity. The Conservatives flog them like baubles and fill their coffers with the profits. It is obscene."

Andrew Marr commented on his show this morning: "This money is going to be used by the Conservative Party, presumably, to tell us we're all in it together."

His guest Mark Malloch Brown added: "They have to be really careful, because their only way to get through the next few years is maintaining that assertion – we're all in it together – and the more . . . that gets breached, this kind of rich person's club, buying internships at hedge funds gets exposed, the harder it's going to be to promote this One-Nation coalition government."

The Tory party refused to comment to the Mail on Sunday, saying that the event was a private one.

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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Watch: David Cameron calls on Jeremy Corbyn to stand down as Labour leader

The soon-to-be-ex Prime Minister shouts "for heaven's sake man, go!" in a heated exchange at Prime Minister's Questions.

Losing track of what the various players in the ongoing constitutional crisis believe? Sick of politicians flip-flopping? Starting, frankly, to get tired of the whole thing?

At today's PMQs, David Cameron looked equally rattled - but he managed to make one thing clear. After Jeremy Corbyn made a reference to Cameron's imminent departure from the top post, the Prime Minister replied by saying the Labour leader should also stand down.

"It might be in my party’s interest for him to sit there," Cameron said. "It's not in the national interest. I would say: for heaven’s sake, man, go!"

Watch the clip below:

I'm a mole, innit.