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  1. Politics
19 April 2007

Follow the money

The Tory who lent David Cameron's party millions but pays no tax and retains his peerage

By Martin Bright

So Lord Laidlaw, who lent the Tories £3.5 million, is refusing to give up his tax exile status (he lives in Monaco) despite that being a condition of his peerage. The best piece on this is by David Hencke in the Guardian.

To his credit David Cameron has told his renegade peer to get his act together, but, as I understand it, there is nothing anyone can do if Laidlaw chooses to remain a tax exile and a Lord. As I wrote in this week’s New Statesman the Tories and their money should become an increasingly fruitful avenue for exploration by journalists. Interesting, though, that this doesn’t seem to have come from the Labour Party, who are still hamstrung by the Prime Minister’s own issues with party funding.

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Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com Our Thursday ideas newsletter, delving into philosophy, criticism, and intellectual history. The best way to sign up for The Salvo is via thesalvo.substack.com Stay up to date with NS events, subscription offers & updates. Weekly analysis of the shift to a new economy from the New Statesman's Spotlight on Policy team. The best way to sign up for The Green Transition is via spotlightonpolicy.substack.com
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