Fraser Nelson

Brown’s fundraiser goes wobbly

Brown's fundraiser goes wobbly
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I had always expected a major Brown backer to start selling shares in our PM. But I would never have guessed it would be Sir Ronald Cohen, who is supposed to be the PM’s chief fundraiser. But you’d hardly notice it: “Adviser to Brown praises Cameron” whispers the Guardian on page 10 (and longer interview on p29). 

Turns out Cohen is appalled by the bungled Budget and capital gains tax rise. He then tells it like it is:

"All of a sudden, what looked like a one-horse race is now a two-horse race…. If you said to me today am I concerned about the possibility that a Conservative government would overturn the entrepreneurial system we’ve worked so hard to do, or seriously break the growth of social investment, I’d say no… There’s not much difference between the two parties now.”

Is this the line Sir Ronald gives City millionaires when soliciting donations for the cause, the Labour Party? It looks like Brown has just lost his top business backer. It’s very bad news, and would be front page news in any other newspaper.

Written byFraser Nelson

Fraser Nelson is the editor of The Spectator. He is also a columnist with The Daily Telegraph, a member of the advisory board of the Centre for Social Justice and the Centre for Policy Studies.

Topics in this articlePolitics