Tax letter business leaders gave £2.5m to Tories

Left Foot Forward

Signatories to a Daily Telegraph calling for a stop to the proposed increase in national insurance have given nearly £500,000 to the Conservative party.

UPDATE 14.55:

Thanks to our commenter, Henry, who pointed out that, “LFF are only scratching the surface with their list. You need to look at the companies.”

Companies run by the signatories have given an additional £2 million bringing the total donations from tax letter signatories to a stunning £2,484,804. Going through the list it turns out that:

• Aggregate Industries have given £100,500

• JCB have given £616,010 in cash donations and £118,177 non-cash donations

• Bestway Cash & Carry have given £28,852

• Harris Ventures (Lord Harris’ company) have given £1,160,730 in cash donations and £25,135.59 in non-cash donations

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Signatories to today’s letter in the Daily Telegraph calling for a stop to the proposed increase in national insurance have given close to half a million pounds to the Conservative party.

The following signatories have made donations to the Conservative party covered on the Electoral Commission register:

• Anthony Bamford has given £86,249.

• Aidan Heavey has given £5,500

• Christopher Gent has given £105,400

• Simon Wolfson has given £238,250

Among the other signatories, Lord Harris of Peckham takes the Conservative whip in the Lords.

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122 Responses to “Tax letter business leaders gave £2.5m to Tories”

  1. ollie

    ” most employ part time just above minimum wage…..”

    Aaahhh here is the REAL reason why the Left are so bitter over this story. The cracks are beginning to show – and the Old Left’s detestation of private business, enterprise, wealth creation, etc, etc, etc are here for all to see.

    Brilliant news for the Tories that Labour are going back to their stone age roots.

    By the way, where is MaCavity hiding? Trouble brewing for his party, and here we are again, the PM of this country is nowhere to be seen or heard – like the snivelling, gutless sham that he is.

    I cannot wait to see Brown’s three year long delusion come to a spectacular end.

  2. John77

    “john” says “… most employ part time just above minimum wage. So how can they claim it will be a tax on jobs when the threshold for paying the increase NI will be 20k.”
    Because IT WILL BE. Your remark however would refute the claim by many bloggers that they are doing it out of self-interest IF IT WAS TRUE.
    Elementary economics says that once the price of producing goods rises above the price at which rivals sell competing goods a firm cannot sell them profitably: unless it has another line of highly profitable goods which it can use to cross-subsidise (hoping the EU regulator doesn’t notice) it has to reduce costs by sacking people. You can stop paying dividends but you can only operate at a loss up to the point where you have so nearly exhausted shareholders’ capital that costs of closing down (including statutory redundancy payments) will wipe out what is left.

  3. Henry

    Don’t yer love it? The Tories have announced that Osborne’s NI plan is backed by the Chairman of Alliance Boots….the company who hired as CEO the guy who screwed up HBOS & cost we taxpayers zillions of pounds.

  4. Mr. Sensible

    John the fact that most of them are in retail is half my point; would they rather pay extra VAT?

    BTW, I notice listening to the news tonight that Ian Waterstone is swimming against the tide on this. As soon as I can find a link to a news story about that I’ll post it here.
    Ah, Henry, Boots; the company that are evidently so anti-regeneration in Nottingham through wanting to scrap the Workplace Parking Levy.

  5. Mr. Sensible

    BTW, is this the most commented article LFF has had, Will?

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