News | Published March 08 2019

May faces pressure after investigation uncovers tax haven funding

Theresa May has come under attack after it was revealed that the Conservative party received £1 million in donations from overseas tax havens in the run up to the 2017 election.

The investigation in The Times also uncovered that Lord Ashcroft had donated £500,000 from Belize, where he now lives, prior to the election.

It was calculated that £5.5 million had been donated to British political parties from people living in tax havens since 2009.

The prime minister is now facing questions for accepting the donations, despite the fact that people not on the electoral roll are excluded from making political donations.

The 2009 Political Parties and Elections Act bans donations of any more than £7,500 from people that live outside the UK for tax reasons.

The Times identified Ukip supporter Paul Sykes, who donated £2.8 million to the party while living in the Channel Islands, and Peter de Putron, the brother of Angela Leadsom who lives in Jersey and donated £100,000 to the Tories in 2017, in addition to Lord Ashcroft.

As we reported yesterday, Labour MP Ben Bradshaw said "the prime minister herself has serious questions to answer" after it was uncovered that much of the money donated from tax havens had been directed towards the Conservative party.

In response, a Conservative party spokesperson told The Times: "Donations are properly and transparently declared to the Electoral Commission and comply fully with the law."

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Authored by

William Winter
March 08 2019

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