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Suffolk: Gummer speaks out after Town director appears on Camerons’ guest list

PUBLISHED: 06:00 27 March 2012

Ipswich Town shareholder Michael Spencer at Portman Road

Ipswich Town shareholder Michael Spencer at Portman Road

Archant

ONE of the names on David and Samantha Cameron’s Downing Street guest list was Ipswich Town associate director Michael Spencer.

And the row over cash for political influence which began with the revelation that former Conservative treasurer Peter Cruddas was “offering” a private meeting with the Camerons for a donation of £200,000, prompted Ipswich MP Ben Gummer to call for a cap on political donations.

Mr Spencer, who owns a house near Woodbridge as well as homes in London and New York, was treasurer of the Conservative Party until the end of 2010.

Mr Spencer, the chief executive of interdealer broker ICAP, is a long-standing friend of the Camerons.

According to the Electoral Commission register, Michael Spencer has donated thousands of pounds to the Conservatives.

The row over the cash for access prompted Mr Gummer to call for all parties to agree to a £50,000 cap on single donations.

He said: “All the parties need to agree to that – and with Labour being bankrolled by the big unions that might be difficult.

“But I think something like that has to be introduced to ensure that we don’t face the spectre of state funding of political parties. That would be a disaster.”

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