George Osborne made Companion of Honour by David Cameron

David Camerons controversial resignation list includes George Osborne becoming a Companion of Honour. Picture: Getty Images

A number of other Conservative MPs, including Defence Secretary Michael Fallon and Patrick McLoughlin, are also to receive honours.

Craig Oliver, director of communications at Number 10 under David Cameron, and Andrew Cook, the former treasurer of the Conservatives, have also been recognised in the list.

Published last night, the full list also confirms that Samantha Cameron’s stylist Isabel Spearman will receive an OBE for political and public service.

Scottish Conservative councillor for the Meadows/Morningside ward in Edinburgh and director of the Scottish Conservative and Unionist Party Mark McInnes has also been handed a peerage.

Party leader Ruth Davidson said on Twitter: “Personally delighted at Mark McInnes’ elevation to the Lords. The hardest working man I know. Well done, sir.”

Some 46 people have been included in the honours list, Will Straw, executive director of the Britain Stronger in Europe campaign which led the failed campaign against leaving the EU, will get a CBE for political and public service.

Helen Bower-Easton, the former prime minister’s spokeswoman, will also receive a CBE while his former speechwriter Julian Glover will get an OBE as will Alan Sendorek, Mr Cameron’s former head of political press.

Thirteen new Conservative peers have been created and there is one Labour nomination for Shami Chakrabarti, director of civil liberties group Liberty, who oversaw the investigation into allegations of antisemitism in the Labour Party,

Mr Cameron’s honours list has reignited the row over whether the honours should be used to reward political loyalty.

Conservative Party donor and Vitol Oil boss Ian Taylor, who was reportedly being considered for a knighthood but asked his name not to be put forward, does not appear on the honours list.

Mr Taylor backed the Better Together campaign in the 2014 referendum with £500,000. He also donated £15,000 to Prime Minister Theresa May’s leadership campaign.

And while Mr Cameron has made 13 new peers, they do not include former Tory Party treasurer and founder of the interdealer broker Icap Michael Spencer. The former PM has reportedly tried three times to appoint Mr Spencer to the upper house but has been blocked after his firm Icap became embroiled in the Libor fixing scandal, although there is no suggestion Mr Spencer was personally implicated.

The list has been denounced as “a sorry legacy” by democracy campaigners the Electoral Reform Society (ERS), which called on Theresa May to “sort out this mess once and for all” by allowing voters to choose members of the Upper House of Parliament.

SNP MP Tommy Sheppard said: “This list confirms what we already knew – the Westminster honours system is rotten to the core.”