No surprise then …
“Tory leadership favourite Dominic Raab has netted £73,000 in donations from financiers linked to tax havens.
The no-deal Brexit advocate, who is thought to be eyeing a run at the Conservative Party’s top job, has pocketed more than £127,000 since January, the MPs’ register of interests reveals.
The donations include £29,000 for a staff member in Raab’s office from the IPGL hedge fund, which is owned by ex-Tory treasurer Michael Spencer. Spencer’s hedge fund was named in the Paradise Papers in connection with a subsidiary based in Bermuda.
Spencer was nominated for a peerage in 2016 by then prime minister David Cameron, but the Cabinet Office reportedly blocked the appointment over the role of his private equity firm ICAP in the rate-fixing Libor scandal.
Private banking group Arbuthnot donated £44,000 to Raab’s office. The bank’s owner Henry Angest is also named in the Paradise Papers in connection with a subsidiary of his bank based in Barbados. Overall, Angest has donated nearly £7m to the Conservative Party. …
Richard Brooks, co-founder of the pro-second referendum group For Our Future’s Sake, added: “Dominic Raab is the epitome of the Brexit elite.
“Well-cushioned and isolated from any of the impacts his disastrous policies would bring. Nobody voted in 2016 to turn Britain into a deregulated tax haven but that is just what so many now pushing hard for a no deal Brexit want.”
In recent weeks, Raab has also received £10,000 each from Carpetright owner and Vote Leave donor Lord Harris and from Dominic Burke, chief executive of insurance firm Jardine Lloyd Thompson (JLT).
In March, Raab received £20,000 from Toby Ward, the head of JLT subsidiary Hayward Aviation, and £6,480 worth of communications advice from Melior Advisers.
All of the donations were declared in line with parliamentary regulations. …