Michael Crick

A billionaire at bay

issue 12 November 2005

In the late 1990s it began to look as if the media were gunning for millionaire Tories in alphabetical order. First Jonathan Aitken, a joint target of Granada and the Guardian. Then Jeffrey Archer, jailed after a sting operation by the News of the World. Next in line seemed to be the mysterious Michael Ashcroft, appointed Conservative party treasurer by William Hague, donor of many millions to the party, and victim of the strange, new alliance between New Labour and the Times. In 1999 Hague tried to nominate Ashcroft as a ‘working’ member of the House of Lords, only for the nomination initially to be blocked by Tony Blair on the recommendation of the Honours Scrutiny Committee. Ashcroft only got his peerage after a furious and ‘urgent’ phone call by Hague to Blair while he was in the midst of a European summit in Lisbon.

Unlike Aitken or Archer, Ashcroft’s background was largely unexplored.

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