• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Controversial Donor Boosts Tory Coffers with Additional £5 Million

June 6, 2024
Lawrence Ankutseby Lawrence Ankutse
in UK
0
Controversial Donor Boosts Tory Coffers with Additional £5 Million

Frank Hester

Controversial businessman, Frank Hester, has fortified his position as the Conservative Party’s largest donor with an additional £5 million donation. 

This contribution, made through his company, the Phoenix Partnership (TPP), brings Hester’s total donations to the Tories to a staggering £15 million, as per figures released by the Electoral Commission.

Hester, who has been at the center of a storm over remarks widely condemned as racist and misogynistic, previously stirred political turmoil with comments made about Labour MP Diane Abbott. 

RelatedPosts

Reeves Pushes Back On Trump’s Energy Appeal

Wealth Tax Debate Reignites Amid Fiscal Strain

Record Channel Crossings Spark UK Migration Alarm

In a 2019 incident, Hester was reported to have told colleagues at his IT healthcare firm that looking at Abbott made him “want to hate all black women” and that she “should be shot.” 

These revelations, brought to light in March 2024, triggered widespread outrage and condemnation, including from Prime Minister Rishi Sunak, who labeled the remarks as “wrong” and “racist.”

Despite the uproar and calls from Labour and other parties for the Conservatives to return Hester’s previous donations, the party accepted an additional £150,000 from TPP just days after the scandal broke. This transaction was completed on March 8 and accepted by the party on March 14.

Hester has since issued a statement apologizing for his remarks, describing them as “rude” and insisting that his criticism of Abbott had nothing to do with her gender or race. 

He emphasized his abhorrence of racism, citing his own experiences as the child of Irish immigrants in the 1970s.

Nonetheless, the acceptance of Hester’s latest £5 million donation has reignited calls for the Conservatives to distance themselves from him. 

Diane Abbott expressed her dismay on social media, calling the acceptance of further funds from Hester “an insult” to herself and all black women. “Rishi Sunak belatedly admitted Frank Hester’s remarks were racist,” she tweeted. 

“Now it turns out Sunak accepted a further £5m from him. An insult to me and all black women.”

Diane Abbott

Labour Party Chair Anneliese Dodds echoed these sentiments, criticizing Sunak’s integrity and urging the Conservative leader to return Hester’s donations and properly apologize to Abbott. 

“Rishi Sunak has proven he is a man with no integrity,” Dodds said. 

“If he had a backbone, he’d have cut ties with Frank Hester months ago, returned the money, and apologized properly to Diane Abbott.”

Anneliese Dodds

Davey: Donors Should Rethink Tory Contributions

Liberal Democrat leader Ed Davey also weighed in, suggesting that lifelong Conservative supporters would be dismayed by the party’s decision to accept further donations from Hester. 

Liberal Democrat leader Ed Davey
Ed Davey

He encouraged other donors to reconsider their contributions to the Tory party.

Hester’s substantial donations represent a significant portion of the Conservative Party’s funding, amounting to 44% of the total national spending limit of £34 million for each party in the upcoming general election. 

The return of these funds could therefore create a significant financial shortfall for the Tories.

In April 2024, Conservative Party Chair Richard Holden faced scrutiny when asked if the party had accepted the latest £5 million donation from Hester. 

Holden, while refusing to confirm the acceptance, emphasized that Hester had apologized for his comments and argued for the acceptance of apologies when they were genuine.

The Conservative Party has significantly outperformed Labour in fundraising over the past year, amassing £44 million compared to Labour’s £24.6 million, excluding public funds. 

However, in the first quarter of this year, fundraising efforts have been more balanced, with the Conservatives raising £8.48 million and Labour £7.38 million. 

The Liberal Democrats, Greens, and Reform UK also reported their respective fundraising figures.

As such, the controversy surrounding Hester’s donations continues to cast a shadow over the Conservative Party, raising questions about the party’s values and the influence of its financial backers.

READ ALSO: Stonebwoy Expresses Why He’s Thrilled to Rejoin TGMAs

Tags: Conservative PartyFrank HesterLiberal DemocratsPhoenix PartnershipRishi Sunak
Please login to join discussion
Previous Post

Acheampong’s Focus On SSNIT Hotels Slammed As ‘Misguided Priorities’

Next Post

Ghana’s Gold Exports Surge Amid Declines in Crude Oil, Cocoa, and Timber

[mc4wp_form id="1264"]

Related Posts

Thailand Returns 2 Wounded Soldiers To Cambodia
Asia

Thailand Returns 2 Wounded Soldiers To Cambodia

August 1, 2025
Swiss Government Disappointed By US Tariffs
Europe

Swiss Government Disappointed By US Tariffs

August 1, 2025
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Extractives/Energy

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

August 1, 2025
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
General News

Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session

August 1, 2025
Reeves Pushes Back On Trump’s Energy Appeal
UK

Reeves Pushes Back On Trump’s Energy Appeal

August 1, 2025
MTN Ghana’s Profit After Tax Surges by 55% in H1 2025
Vaultz Business

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

August 1, 2025
Thailand Returns 2 Wounded Soldiers To Cambodia
Asia

Thailand Returns 2 Wounded Soldiers To Cambodia

by Comfort AmpomaaAugust 1, 2025
Swiss Government Disappointed By US Tariffs
Europe

Swiss Government Disappointed By US Tariffs

by Comfort AmpomaaAugust 1, 2025
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Extractives/Energy

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

by Prince AgyapongAugust 1, 2025
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
General News

Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session

by Silas Kafui AssemAugust 1, 2025
Reeves Pushes Back On Trump’s Energy Appeal
UK

Reeves Pushes Back On Trump’s Energy Appeal

by Lawrence AnkutseAugust 1, 2025
MTN Ghana’s Profit After Tax Surges by 55% in H1 2025
Vaultz Business

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

by Stephen M.CAugust 1, 2025
Thailand Returns 2 Wounded Soldiers To Cambodia
Swiss Government Disappointed By US Tariffs
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
Reeves Pushes Back On Trump’s Energy Appeal
MTN Ghana’s Profit After Tax Surges by 55% in H1 2025
[/vc_row_inner]

Recent News

  • Thailand Returns 2 Wounded Soldiers To Cambodia
  • Swiss Government Disappointed By US Tariffs
  • Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
  • Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session
  • Reeves Pushes Back On Trump’s Energy Appeal
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.