Honour bound

Share this article
0
Have your say

IN 2006 it was revealed that every donor who had given £1 million or more to the Labour party since 1997 had been given a knighthood or peerage. Additionally, the then Labour government had given honours to 12 of the 14 individuals who had donated more than £200,000 to Labour and of the 22 who gave more than £100,000, 17 received gongs.

Now a millionaire, former Tory party treasurer with links to a high-interest loans company has been knighted in the Queen’s Birthday Honours List, as have others who donated to the 
£40 million Tory warchest during the general election.

Henry Angest, who is a multi-millionaire and one of the Tories’ biggest financial backers, received a knighthood. He has given
£7 million to the Tories in loans and donations

As chairman and chief executive of the Arbuthnot Banking Group, Sir Henry is also behind Everyday Loans, a company charging its borrowers an average of 74 per cent APR.

Also knighted was Michael “Mick” Davis, whose donations to the Tories total £1.4m, and who gave £160,000 during the general election.

Another Tory donor, Jeremy Isaacs, who has given a total of £416,500, including £25,000 ­during the election, was made a CBE.

That such honours are given at all shows the advanced state of decay of British “democracy”.

The UK “honours” system is an anachronism. Such honours are a hangover from the 19th century and have an unhealthy congruence to the donations that parties seek to attract. They should all be abolished.

Alan Hinnrichs

Gillespie Terrace

Dundee

Back to the top of the page