Nigel Farage’s UKIP General Election campaign to be funded by City fatcats
1 January, 2015
By Ben Glaze
UKIP leader Nigel Farage will rely on City fatcats to bankroll his party’s election campaign.
In a report to the party’s national executive, he says “the key money for us will be the hedge fund industry”.
And the Mirror can reveal UKIP has received £32,000 from a hedge fund boss profiting from zero hours deals, even though Mr Farage has claimed such practices are “just not on”.
The money was donated by Crispin Odey, whose Odey Asset Management has sold £105million of Sports Direct shares and still has a 5% stake in the company criticised over the contracts.
A source at OAM said Crispin donated “small amounts to individuals of all political leanings”.
UKIP claimed the link between Mr Farage, Mr Odey and Sports Direct was “tenuous”.
It’s not the first time ex-Tory donor Mr Odey, who earned nearly £48million in the year to April, has come to Mr Farage’s aid.
Sixteen months ago it emerged the hedge fund boss hosted a bash so the UKIP chief could meet City contacts who could help fund election campaigns.
Mr Odey’s UKIP donations came less than two years after former City trader Mr Farage admitted the party needed cash from rich financiers.
He boasts about meeting “a billionaire businessman in Geneva” in an internal report dated 3 September, 2012, adding “The key to money for us will be the hedge fund industry.”
Two months later, as UKIP prepared for the party’s 2012 conference, Mr Farage apparently encouraged the use of exhibition stalls as a “tax efficient” fundraising tactic.
Minutes reveal: “Nigel Farage feels that Expo [stands] is a tax-efficient way for money to be given to UKIP.”
He has previously admitted setting up a trust fund in an offshore tax haven which could have enabled him to cut his tax bill – despite branding “rich people” and “successful companies” evading tax as “the enemy”.
UKIP has also been keen to promote candidates it believes will cosy up to City money men.
MEP Steve Woolfe was highlighted as crucial to encouraging businessmen to donate to the party, with leaked documents detailing how he “will connect with people in the City”.
And Mr Farage was brutally critical of a party candidate, saying: “We could not take him to meet the large City donors.”
Today it emerged the UKIP leader feared allegations of racism could “bury” the party.
Minutes of party officials discussing offensive comments made by a UKIP candidate reveal Mr Farage warned “The one thing that is able to bury the party: if they can link us with a racist age.”
Nigel Farage refers to a ‘racist age’. Assuming he is not referring to the climacteric: would that ‘age’ be pre-1948, after which the slow motion car crash of mass immigration to Britain began? Or pre-1965, after which we were expected to hide our feelings about the change for the worse immigration was making to our country? Or perhaps pre-1997, after which our people had their noses rubbed in ‘diversity’?
UKIP are racist all right. But not in the commonly understood meaning of the term. UKIP are in reality not even a little bit xenophobic. How can they possibly be xenophobes when so many of their senior figures, including the current leader, have parents, grandparents or spouses of foreign extraction?
UKIP are actually xenophiles. They love foreigners in preference to their own people. UKIP are a xenophile and Anglophobic party, just like all those other multiculti, pro-immigration parties: Lib-Lab-Con, the SNP, Plaid Cymru and the Greens.
Mr and Mrs Farage love all things Continental, especially all that lovely foreign currency those nice Belgian bureaucrats pay into their bank account each month. You might say they were Europhiles in every sense of the word!
Because finance capitalism works on the principle that money has no nationality, UKIP are entirely comfortable sacrificing the interests of our people to the interest of cosmopolitan plutocrats. These money men look on UKIP much as they would any hedge fund investment and hope in due course to receive their quid pro quo. And UKIP is already sharpening the knives.
Patria is the one and only party that will both successfully defend and extend our welfare state and public services. We shall do it in the only way possible: by ending and substantially reversing the immigration of the last ten years; strengthening our border controls to make them fit for purpose; and leaving the European Union via a free vote of MPs in parliament.
These vital measures will pave the way for the re-nationalization of our NHS, railways, buses, post office, gas, water, electricity and telecom services.
Where’s the money to come from? The £20 billion borrowed at interest each year and then wasted on foreign aid and Britain’s membership of the European Union for a start. But a publicly owned National Investment Bank will also make interest free loans to a Patria government for the purpose of infrastructure modernization, industrial regeneration, import substitution and export promotion.
The end of immigration by persons not of British ancestry and a big reduction in the country’s population of illegal immigrants will jointly cause rises in productivity, real wages and tax receipts. And there is so much unused capacity within the economy that public investment will not cause inflation to rise.
In the course of achieving Patria’s aim of full employment the current account deficit will wither away as part of a virtuous circle of economic growth, created by a structurally strengthened economy and a much more fair and cohesive society.
This is the only way to save the country for your grandchildren.
Vote Patria on 7 May!