Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
255. Heron House, Ark, Stanley Fink Tory treasurer, on Labour (Gives Interview From David Cameron's Office)

255. Heron House, Ark, Stanley Fink Tory treasurer, on Labour (Gives Interview From David Cameron's Office)

Ratings: (0)|Views: 580|Likes:
Heron House, Ark, Stanley Fink & Tories (Gives Interview From David Cameron's Office)
Heron House, Ark, Stanley Fink & Tories (Gives Interview From David Cameron's Office)

More info:

Published by: John Adam St Gang: Crown Control on Feb 21, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

02/21/2010

pdf

text

original

 
 
Sunday 21 February 2010 |Conservative feedLog in|Register now
 SEARCH
HomeNewsSport Finance Lifestyle Comment Travel Culture Technology Fashion
JobsDatingGames
 
Offers
 
UKWorldUK PoliticsCelebritiesObituariesWeirdEarthScienceHealth NewsEducationTopicsNews BlogsNews Video
 
General Election 2010Labour PartyConservative PartyLiberal Democrat PartyGordon BrownDavid CameronMPs' Expenses
HOME NEWS NEWS TOPICS POLITICS CONSERVATIVE 
New Tory Treasurer Stanley Fink plans to'blow Labour out of water'
Stanley Fink was once spotted on his hands and knees at the edge of a golf course laketrying to retrieve a
£
1.50 golf ball that was agonisingly out of reach in the water.
By Andrew Porter, Political EditorPublished: 9:30PM GMT 16 Jan 2009Strange behaviour from a man worth hundreds of millions. And yet in thesefrugal times it is the sort of approach that the new co-Treasurer of the ToryParty is likely to need.He was until recently one of the top hedge fund managers in the City. Talking to
The Telegraph 
in David Cameron's office in Conservative HQ he is now sittingalongside, Michael Spencer, another City star, who has been Tory Treasurer fortwo years.They explain their task. It is simple, but daunting.Mr Spencer says: "On the assumption that theelection will be next year, we need to raise the bestpart of
£
40million this year. That's a hell of a lot ofmoney."To keep the Conservative Party running each year heneeds to find
£
15 million, and then around
£
18 millionon top to fight the election. He says that last yeararound 50,000 people donated in some form andpoints to wider income streams.A weekly lottery draw
 –
 
£
1 a ticket
 –
raised morethan
£
20,000 last year, as did direct mail appeals.On top of that Mr Spencer holds two set pieceparties
 –
the Black and White Ball and the SummerParty. These are both events that Mr Spencer, arenowned lover of the party scene and decent glassof wine, clearly enjoys, but also knows are vital.In recent years the Cameron brand has made his life easier. A younger,fashionable following has gravitated to these gatherings although the largesse ofthose attending is likely to be less now after the financial crisis that hasdevastated the City.
Lord Michael Spencer (left) and Stanley Fink , the new Tory treasurer
 
Photo: PAUL GROVER
 
Related Articles
Tories to raise
£
40mto 'blow Labour out ofwater'
 
Dismay as ministersees the 'shoots ofrecovery'
 
Cameron anointsHague as deputy
 
Tory Party activistdresssed asMadeleine McCann:the emails
 
Stanley Fink: the newTory Party treasurer
 
Harvery McGrath, ex-Man Group boss,reboots Bayswater
 
Ads by GoogleClinical Volunteer
 
Volunteer Missions
 
Medical Volunteer
 
Cancer ResearchVolunteer
 
Volunteer in La Ceiba
 
Share|
0
tweet
Email |Print  Text Size
Conservative
 
News
 
Politics
 
UK News
 
GENERAL ELECTION 2010GENERAL ELECTION 2010 EDITOR'S CHOICE
Studying history is vital 
Churchill and Thatcherhad to win elections torescue Britain
s economyand values, says
JeffRandall
.
Whoever wins the election will face a crisis Cameron could transform Britain Can anyone explain what the Tories stand for?I've never voted Labour before, but... 
NEWS MOST VIEWED
 1.
Heseltine: Tories cannot win outright
 2.
The truth about my friend Boris and my feudwith Earl Spencer
 3.
Lockerbie bomber Megrahi living in luxuryvilla six months after being at 'death's door'
 4.
Israeli immigration officials copied Britishpassports used by hit squad, ministers told
 5.
British cruise ship tests Argentine blockadein Falklands
 
SPONSORED FEATURES
General Election 2010 map
 
General Election 2010 map explained
 
Labour Party news
 
Conservative Party news
 
Liberal Democrat Party news
 
UKIP news
 
Green Party news
 
BNP news
 TODAY PAST WEEK PAST MONTH
Family holidays in the Alps
 
Discover Kinderhotels for summer andwinter family-friendly holidays in thebeautiful Alpine countryside.
First-time buyers guide
 
 
That is why Mr Spencer, who was the 62nd richest person in the country lastyear with wealth totalling
£
1,150 million, and his new side-kick are suddenlycoming over a bit Bob Geldof when issuing a rallying call to Tory supporters ifthey really want to see the back of Gordon Brown."Our sell to our supporters is that you may think we are likely to win a nextelection from reading the opinion polls but we need your bloody money to makesure that we don't just win, we win in a fashion that gives David, George and theteam the authority and the political ability to implement the changes that arenecessary."The task is clearly not to achieve victory, but to achieve a decent victory, with asignificant majority.He is in no doubt that raising cash after the momentous events of the past sixmonths is tougher."Even though our supporters are behind us, clearly many of them havesuffered," he said. "We're dependent a lot upon entrepreneurs and businesspeople, financial people or property people. They've all had a bloody roughtwelve months and the next twelve months isn't promising to look any rosier. I'vehad a pretty rough time so the fundraising is not easy and in that context."George Osborne's ill-fated meeting with a Russian oligarch on his yacht offCorfu has also not helped, according to Mr Spencer. The furore over a
£
50,000donation that was offered to the Tories through Oleg Deripaska's UK companyhas had a serious knock-on effect.Mr Spencer says: "It was a big problem for us. We had a treasury meeting twodays ago and one of our historic donors who's due for renewal said and I quote'it was the worst thing I did from the publicity point of you was giving you guysmoney last year. I still support David but from a publicity point of view it was theworst thing I did.'"He says he is fully in favour of "transparency" and defends the motives ofdonors."They're doing it because they really want a change in government and theysupport David Cameron and they believe the cause is good for the country andpresumably good for them. We're not handing out goodies with it."Do donors agree with all Mr Cameron's policies? In a week when the Toriesopposed the building of a third runway at Heathrow, Mr Spencer has aninteresting observation that will undoubtedly lead to suggestions that the Toryposition - opposing a big business lobby - is not entirely a united one."Clearly not every single member of the donor club supports every single policythat we espouse," he said. "An obvious one would be the third runway atHeathrow. I wouldn't say that that is universally supported by all of our financialsupporters but nevertheless they realise that the issues are bigger than a singleissue."The Tories are likely to say that it shows that money can't buy you influence.Unlike Labour where Mr Spencer repeatedly points out that Labour gave theunions their pay off in two "Warwick Agreements" in return for bankrolling thecash-strapped party.If the unions and their role are despised by the Tories then Labour's own hatefigure is Lord Ashcroft. The former party treasurer and billionaire donor is keythe Tories winning power. After the last election he brutally explained where theparty had been going wrong. Labour think he is bankrolling the party.Mr Spencer admits that he was the biggest donor - through his company - lastyear, but adds: "it made up only 6 per cent of the total."He says: "Strictly speaking, from our point of view, it's not Lord Ashcroft whogives us the money it's the corporate vehicle, Bearwood Corporate Serviceswhich is completely compliant. I don't think there's any question about thecompliancy of the issue at all."He's done a very professional job in the target seats campaign. There's notpoint in channelling money if it's a bankers certainty or it's a no hoper. Let'sfocus our money in the band where we think we've got the maximum return andclearly that band moves. If we move way ahead in the opinion polls we're goingto further out constituencies. If our opinion poll lead is bugger all then we movethe parameters back. All that Ashcroft has done is proper polling, properunderstanding of the issues and proper targeting of the allocation."The plan to raise the money over 18 months is of course predicated on theelection not being called until next year.Do the money men have a plan if an election is called in the next few months?Could they raise the cash that quickly? Worryingly for Labour, they do.
Hollywood is 100 
As the Hollywood filmindustry turns 100, welook back at its history.
The week in pictures 
A round-up of our favourite photographs of the week.
Animal pictures of the week 
A fishing fox, an escaped zebra and lots of little bigcats.
TELEGRAPH JOBS
FREE BROCHURES 
Use this first-time buyers guide to steeryou through the entire process of buying a house.
Honda Civic Hybrid
 
Economical, environmental andperformance driven. Download thefreebrochureorbook a test drive.
Major Project Director MPD/324/15
South East,
£
180000
Information Assurance and Network ...
Cheltenham,
£
24450 -
£
37900
Engineering Director ED/324/15
UK,
£
120000
e.g. Project Manager
SEARCH
Upload your CV Get job alerts Career advice Advertise a job 
Get attractive income fromyour investments
Free Guide

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->