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No Consent To £50.8m Tory Donations

Wednesday, July 15, 2015

GMB Rebut Tory Claim On Consent As Top 100 Company Donors Gave £50.8 Million To Tory Party Without Asking Shareholders To Consent

Requiring union members to opt in to political fund is a completely one sided approach aimed at bankrupting Labour as there is no proposal for companies to ballot shareholders on donations to the Tory Party says GMB.

GMB rebutted the claim by Nick Bowles MP the Conservative Employment Minister – on the Today programme - that all individuals involved in donations to the Tory Party give their explicit consent for donations to be made. He was being interviewed on the Trade Union Bill published on 15th July 2015.

Paul Kenny, GMB General Secretary, said "This is a blatant political attack on anyone who might be opposed to Tory policies and to dress it up as anything else is hypocrisy worthy of a Joseph Goebbels misinformation award.

 The top one hundred companies that donated to the Tory Party between them gave £50.8m with no consent from individual shareholders. See the list in notes to editors below.

There is no requirement for the directors to ask individual shareholders much less any requirement for shareholders to opt in. So Nick Bowles claim that explicit consent is given by both directors and shareholders is plainly not the case.

The proposal for union members to have to opt into the political fund is a completely one sided approach to party funding.

Unlike joint stock companies trades unions are the only organizations in the UK not allowed to spend their general funds to support political parties. Instead they have been required to set up political funds for that purpose. This has been the case since the early part of the last century.

Since the 1980s trades unions are also required by law hold a postal ballot of individual members every ten years on the issue. GMB members have on four occasions voted overwhelmingly to retain a political fund since then - the latest vote being in 2014.

There is no equivalent proposal from the Tory Government to require companies to ballot shareholders or to place a cap on donations from wealthy people when funding the Tory Party.

Conservatives will be able to stuff their coffers with swag money from hedge fund tax bandits and then have the cheek to lecture trade union members about accountability.

The aim is clearly designed to seriously damage the Labour Party. The Tory Party High Command intend to make the Labour Party bankrupt by cutting off the main source of funding that they have relied on since the 1930s.

It is also aimed at undermining political campaigning by unions on behalf of their members and communities. It is intended to reduce the ability of trade unions to provide funding including donations to political parties and campaigns.

This is the second time that the Tories have aimed to bankrupt the Labour Party. They did it before in 1928. The Tory class warriors want to do it again nearly 90 years later.”

End

Contact: Kamaljeet Jandu 07956 237178 or Lisa Johnson 07900392 228 or Martin Smith 07974 251722 or Mick Rix 07971268 343 or GMB Press Office 07921 28988 or 07974 251 823

Notes to editors

Top 100 companies donating to the Tory Party.

 

Company

Donations

1

Bearwoord Corporate Services Ltd

£5,352,985

2

IPGL Ltd City Index

£4,455,260

3

JCB Research Ltd

£3,913,857

4

International Motors Ltd

£2,729,287

5

IIR Ltd

£2,331,437

6

Flowidea Ltd

£1,801,435

7

Abbey Business Centres Ltd

£1,362,887

8

Norbrook Laboratories GB Ltd

£1,221,977

9

Lycamobile UK Ltd

£1,199,362

10

Harris Ventures Ltd

£1,198,365

11

IM Properties PLC

£1,116,591

12

FIL Investment Management Ltd

£975,500

13

The Association of Conservative Clubs Ltd

£914,972

14

David Ord Ltd

£780,320

15

Rainham Steel Company Ltd

£669,250

16

Countywide Developments Ltd

£590,600

17

Crescent Properties Hampstead Ltd

£566,360

18

Euro RSCG London Ltd

£563,532

19

Phillip Wilson ( Grain) Ltd

£556,800

20

William Cook Ltd

£553,380

21

Bestway Cash and Carry Ltd

£545,202

22

Jersey House Developments Ltd

£528,128

23

CC Property Company Ltd

£498,000

24

Stalbury Trustess

£494,163

25

Broadland Properties Ltd

£485,000

26

Investors in Private Capital Ltd

£474,400

27

William Cook Holdings Ltd

£461,432

28

Cringle Corporation Ltd

£433,866

29

Offshore Group Newcastle Limited

£420,275

30

GR Software and Research Ltd

£407,399

31

Shore Capital Group Plc

£406,680

32

JC Bamford Excavators Ltd

£350,132

33

Wates Group Services Ltd

£350,000

34

FIL Holdings Ltd

£320,000

35

Marcus Cooper Property Consulting Ltd

£320,000

36

Norbrook Laboratories Ltd

£317,880

37

Moore Europe Capital Management Ltd

£300,000

38

J&H Sales (International) Limited

£291,420

39

Sun Mark Ltd

£274,834

40

Millcentro Ltd

£268,700

41

Ivor Braka Ltd

£260,000

42

Rich Investments Ltd

£258,713

43

Nikeland Securities Ltd

£257,000

44

Westfield Shoppingtowns Ltd

£256,170

45

Addison Lee Plc

£254,046

46

Gallagher UK Ltd

£250,000

47

IM Group Ltd

£250,000

48

J.S. Bloor (Services) Ltd

£250,000

49

Tempecover Ltd

£250,000

50

The Albert Buildings Ltd

£246,625

51

Bloomberg Tradebook Europe Ltd

£243,350

52

Carl Pickford Advertising Ltd

£236,400

53

Tamares Real Estate Investments UK Ltd

£223,500

54

Trenchant Ltd

£217,560

55

Canary Wharf PLC

£200,720

56

Delancy Real Estate Asset Management Ltd

£200,000

57

Berkeley Burke Holdings Ltd

£182,242

58

Meekland Ltd

£175,000

59

BSN Capital Partners Ltd

£172,000

60

Prestonpans Trading Ltd

£171,680

61

Harris and Sheldon Group Ltd

£168,500

62

Caledonia Investments PLC

£162,000

63

Panther Securities Plc

£158,500

64

Oceanic Jewellers Ltd

£158,055

65

Multitone Electronics Plc

£155,000

66

Selfridges Retail Ltd

£155,000

67

Lizon Properties Ltd

£152,500

68

Tattersalls Ltd

£151,350

69

Aggregate Industries UK Ltd

£150,500

70

Harilela Hotels (UK) Ltd

£150,000

71

Juniper Property Finance Company Ltd

£150,000

72

Sir Robert McAlpine Ltd

£150,000

73

Clerewell Ltd

£148,500

74

Ayr Group Ltd

£148,300

75

Grosvenor Ltd

£147,865

76

Tompkins UK Ltd

£146,400

77

IPGL Ltd

£145,373

78

Realreed Ltd

£140,177

79

Molyneux Management Services Ltd

£140,000

80

London and Regional Properties Ltd

£134,930

81

DPK Contractors Limited

£133,696

82

Sussex Research Ltd

£132,500

83

Dunalastair Estates Ltd

£130,229

84

The Funding Corporation Group Ltd

£130,000

85

The Cayzer Trust Company Ltd

£129,500

86

Boston Consultancy Group Ltd

£129,411

87

CQS Management Ltd

£128,421

88

Crombie Concessions Ltd

£127,501

89

CVS Management Ltd

£126,500

90

Headstock Distribution Ltd

£125,000

91

Chester and County Unionist Buildings Ltd

£121,400

92

Hotcourses Ltd

£121,133

93

Shore Capital Limited

£120,457

94

The 33 Group Ltd

£117,118

95

Microsoft Ltd

£115,544

96

Camberford Law PLC

£108,240

97

GFI Holdings Ltd

£108,000

98

Henfield Lodge Aviation Ltd

£106,922

99

JB Drax Honore (UK) Ltd

£105,200

100

Western United Investments Co Ltd

£104,717

 

 

 

 

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