One of UK’s richest men and Boris Johnson backer nominated for peerage
- Credit: Getty Images
Boris Johnson has nominated a Tory donor and Brexiteer for a peerage after the city tycoon donated £50,000 to his leadership campaign.
Peter Cruddas, the former Tory party treasurer has given more than £3.5 million to the Conservatives and more than £1.5 million to the Vote Leave campaign, which he co-founded.
Cruddas, who founded CMC Markets, is on a list of nominees to be considered by the House of Lords Appointments Commission.
He donated £50,000 to Johnson on June 6 last year during the Tory leadership campaign.
The spread betting tycoon said in 2018 he "was very disappointed with the Lords" for having "exceeded their authority" over trying to amend the Brexit Bill.
You may also want to watch:
"It's clear to me they were trying to block Brexit, not trying to amend Brexit terms for the sake of the country," he added in an interview with the PA news agency.
He was ranked 264 in the latest Sunday Times Rich List with his family being estimated as having wealth totalling £509 million.
- 1 A lesson from the last of Mainwaring's men
- 2 Nick Clegg says EU 'let itself and millions of Europeans' down over Covid vaccine programme
- 3 Scathing report accuses Boris Johnson of 'only caring for England'
- 4 The stench of scandal seeping out from Britain
- 5 European Council president faces call to resign over 'Sofagate' incident
- 6 How the vaccines have shifted opinions over Brexit
- 7 Exports to EU increase in February after record fall
- 8 No 10 rewrote race disparity report, expert claims
- 9 Former chief scientist accuses Boris Johnson of privatising NHS 'by stealth'
- 10 Sturgeon attacks Westminster decision to refer Holyrood Bills to Supreme Court
His name follows reports that former chancellors Ken Clarke and Philip Hammond were also on the list.
Downing Street and the House of Lords Appointments Commission refused to comment on any nominations.
Become a Supporter
The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.