Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne

Tony Burke, assistant general secretary of Unite, delves a little deeper into millionaire Tory donor Adrian Beecroft's lust to strip workers of their rights.

“Hello, my name is Adrian Beecroft, a millionaire Tory donor, and I want to make it easier for companies to sack you. Why? Cos I’m a greedy, grubby little ****”

E-mail-sign-up Donate

 

.

Tony Burke, assistant general secretary of Unite, delves a little deeper into millionaire Tory donor Adrian Beecroft’s lust to strip workers of their rights

The “cash for lunches” scandal has shone further light on a government report which proposed that employers be allowed to sack workers at will – if the employer thought they were unproductive or “coasting”.

Wonga-loan-shark width=Adrian Beecroft produced his report last year at the behest of the government – but nervous Lib Dems opposed it and instead have proposed a similar law aimed at workers in small companies

Venture capitalist Beecroft, who has donated £593,000 to the Conservatives since Cameron became Tory leader in 2005, said companies should be allowed to sack ‘unproductive workers’ at will.

He said:

“While this is sad, I believe it is a price worth paying for all the benefits that would result from the change.”

Following the cash-for-lunches row, civil servants are said to be concerned about the involvement of a major Tory donor in the government’s policy-making process.

Cameron’s allies argue Beecroft had not joined Cameron for lunch at Number 10 or Chequers and say there is no suggestion his companies would have benefited directly from the reforms. The report, submitted last year, remains unpublished.

There are possibly two reasons for this. One, is the involvement of the soon to be permanently departed blues sky thinker Steve Hilton, who proposed a raft of barmy ideas and the second is that the proposal is said to be “too sensitive”. It is suggested the report also included watering down maternity rights.

One official described it as:

“Full of the Tory millionaires’ philosophy that government should not interfere in anything.”

Although the Beecroft report remains unpublished, that of the Free Enterprise Group, a shadowy right wing Parliamentary pressure group which has overlapping membership with the so-called Trade Union Reform Campaign, has been published and co-incidentally calls for reform of maternity/paternity rights and an exemption from dismissal law for micro businesses.

Beecroft is a leading private equity and venture capitalist. He joined Apax Partners in 1984 and grew its funds to $20bn before retiring. He is now chairman of Dawn Capital – which owns Wonga, the online short-term high-interest loans company. There is growing public concern at “pay day loan” companies and the massive interest they charge vunerable people. He is estimated to be worth £100 million.

 


See also:

Legal loan sharks are licking their lips as the social fund is scrapped 26 Jan 2012

Look Left – Wonga’s student ‘scam’ comes unstuck 13 Jan 2012

Ignore Wonga’s spin; they’re still targeting students 13 Jan 2012

Wonga target students with friendly advice: Take our 4000% loan 11 Jan 2012

Government needs to find a way to tackle high-cost lending 2 Dec 2011

4,214 per cent APR. Interested? 16 Apr 2011

Time to muzzle the legal loan sharks 12 Dec 2010

MPs call for end to loan sharking 8 Sep 2010

Call to end legal loan sharking – and interest rates of over 2500% 2 Aug 2010


 

But it is reported that Beecroft’s plan was taken up by Cameron and George Osborne. Allowing a company to fire at will without a right to claim unfair dismissal – and in return they would just get statutory redundancy pay.

Vince Cable, the business secretary, said he did not want to bring in a ‘hire and fire culture’ and there was little demand for such changes.

A ‘compromise’ was reached with Vince Cable agreeing to consider “no-fault dismissal” for firms employing fewer than ten people. These are described as ‘micro-companies’, which is nonsense. These companies employ millions of workers, in many sectors including manufacturing, retail and in the private sector – many of them women and many are younger workers.

No wonder the government are keeping quiet – a report by a multi-millionaire who runs a pay day loan company proposing to sack workers for good reason, bad reason or no reason at all isn’t quite “we are all in this together” is it?

 


Sign-up to our weekly email • Donate to Left Foot Forward

45 Responses to “Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne”

  1. Selohesra

    A bit rich really from the union that bought the Labour party

  2. Lisa

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne: http://t.co/76zJjY41 by @TonyBurke2010

  3. Tony Burke

    RT @leftfootfwd: Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne http://t.co/LKT6UhlR

  4. Susan Jones

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher …: “Full of the Tory millionair… http://t.co/kriiALBJ

  5. Steve Green

    RT @leftfootfwd: Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne http://t.co/Pvu2Xh5h.@stellacreasy

  6. Roger Spackman

    UNITE did not buy the Labour party. The members of UNITE voluntarily pay a levy that makes them part of Labours structure. Unions represent millions of people in the country. Unions regularly have to vote whether they will affiliate or not to the Labour Party and each member can decide individually if they pay into the political fund or not. Because of the TU affiliation process the Labour Party is far more accountable to the general public than any other political party.

  7. Nick dearden

    Multi-millionaire Tory donor and advisor, heads vulture loan company & proposes to sack workers at will #cash4access http://t.co/Pry6L5p9

  8. BevR

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne http://t.co/QSKF5A7M #democracybroken #corruption

  9. Forgotten World's

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne http://t.co/QSKF5A7M #democracybroken #corruption

  10. Foxy52

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne http://t.co/QSKF5A7M #democracybroken #corruption

  11. Jon Drew

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher … http://t.co/iJNDm5bW

  12. PharmaSy

    Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors … http://t.co/gIDrdCQ9

  13. Mr. Sensible

    Well said, Roger. I’m afraid some people are going to have to do better than that.

  14. Daniel Pitt

    Cash for policies anyone? Beecroft, Wonga, millionaire #Tory donors and slasher #Osborne http://t.co/nTOsYdCF by @TonyBurke2010

  15. Without statutory regulation of lobbying, there will be more cash for access scandals | Left Foot Forward

    […] See also: • Cash for policies anyone? Beecroft, Wonga, millionaire Tory donors and slasher Osborne 30 Mar […]

  16. Tony Burke

    Previous LFF blog on Adrian Beecroft. Donated £600k to Tories as well.
    http://t.co/inij9owX

  17. Barryfunite

    Previous LFF blog on Adrian Beecroft. Donated £600k to Tories as well.
    http://t.co/inij9owX

  18. Unite HTULC

    Previous LFF blog on Adrian Beecroft. Donated £600k to Tories as well.
    http://t.co/inij9owX

  19. Alan Casual

    Previous LFF blog on Adrian Beecroft. Donated £600k to Tories as well.
    http://t.co/inij9owX

  20. Cllr Timothy Godfrey

    Wonga and the Tories > then they vote against proposals to enable a cap on pay day loan rates that often exceed 2,500% http://t.co/ojhHLIdX

  21. laislabonita

    Wonga and the Tories > then they vote against proposals to enable a cap on pay day loan rates that often exceed 2,500% http://t.co/ojhHLIdX

  22. Ed Kelly

    Wonga and the Tories > then they vote against proposals to enable a cap on pay day loan rates that often exceed 2,500% http://t.co/ojhHLIdX

  23. Stephen O'Neill

    Wonga and the Tories > then they vote against proposals to enable a cap on pay day loan rates that often exceed 2,500% http://t.co/ojhHLIdX

  24. Paul Gosling

    Wonga and the Tories > then they vote against proposals to enable a cap on pay day loan rates that often exceed 2,500% http://t.co/ojhHLIdX

  25. Richard Exell

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  26. Richard Exell

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  27. Kavya Kaushik

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  28. Kavya Kaushik

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  29. Darren Lewis

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  30. Darren Lewis

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  31. Hamir Patel

    …£593,000 since 2005, it seems. (via @leftfootfwd http://t.co/dZvIp5cx)

  32. Hamir Patel

    …£593,000 since 2005, it seems. (via @leftfootfwd http://t.co/dZvIp5cx)

  33. Paul Trembath

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  34. Paul Trembath

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  35. Duncan Vessey

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  36. Duncan Vessey

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  37. Jonathan Davis

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  38. Jonathan Davis

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  39. Jaikiranmaram

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  40. Jaikiranmaram

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  41. Janet Graham

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  42. Janet Graham

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  43. Simon Draper

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  44. Simon Draper

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

  45. Nick Ryder

    While Cameron criticises Labour for being in the unions' pockets, Beecroft is a classic example of cash for policies: http://t.co/AGiGCUMu

Leave a Reply