Buried deep in the Sunday Times is the Tories’ answer to the problem that is Lord Ashcroft. James Tyler is a fund manager who has donated £250,000 to the Tory party since 2007. He is that rare creature: a multi-millionaire who is both resident and domiciled in merry old England. Tyler’s chief attraction for the Tories is his virulent opposition to what he terms ‘the morons’ – City Boys taking excessive risk and Gordon Brown’s culpability in the financial collapse. It was his subject in a speech to the Adam Smith Institute last year and he remains consumed by it. The Sunday Times reports:
‘His chief bête noire is the rampant creation of money and the inflation target of 2% set by the government. The system, he says, “loots pensions, savings, fixed incomes and the actions of the prudent” while rewarding “the biggest borrower of all: the government”. His secondary targets are the big banks that lend depositors’ money many times over, keeping just a tiny fraction in reserve.
Get Britain's best politics newsletters
Register to get The Spectator's insight and opinion straight to your inbox. You can then read two free articles each week.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in