Financial services minister in 'cash for office' row

clock • 1 min read

An offshore financier who is the brother-in-law of financial services minister Andrea Leadsom has donated £816,000 to the Conservative party since she first successfully ran for parliament at the last election.

Peter de Putron, a banker who lives in Guernsey and is married to Leadsom's sister Hayley, also made a further £1m of donations to a party-backed campaign and a rightwing thinktank, the Guardian reports. Leadsom herself said that she was unaware of the donations made by a member of her own family, but a Labour MP asked whether the payments in effect amounted to a "cash for political office" arrangement. The payments from De Putron included cheques to the Conservative party totalling £200,000 in 2010, £66,600 in 2011, £129,800 in 2012, and £204,760 in 2013, made by a company called Glo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Four potential 'black swans' for 2025

Four potential 'black swans' for 2025

'Four unlikely but nonetheless plausible scenarios'

Nathan Sweeney
clock 03 January 2025 • 4 min read
What two pizzas tell us about Bitcoin

What two pizzas tell us about Bitcoin

Laszlo Hanyecz really needed a slice...

Laith Khalaf
clock 19 December 2024 • 6 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Bank of England MPC meeting due on Thursday

Sorin Dojan
clock 18 December 2024 • 3 min read