The Londoner's Diary ; As Levy Is Arrested, City Mogul Starts to Raise Funds for Tories

Summary


NEWS THAT Tony Blair's chief fundraiser Lord Levy has been arrested again because of his involvement in the cash for peerages controversy comes at a significant time for the Tory party. The Conservatives are switching party treasurers.

Michael Spencer, boss of money brokers ICAP and one of the richest self-made men in the City, is taking over from the recently ennobled Jonathan Marland.

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The Londoner's Diary ; As Levy Is Arrested, City Mogul Starts to Raise Funds for Tories

I hear Spencer has already started to make his presence felt at Tory HQ and he is said to be actively looking for a chief of staff, although he will continue to run ICAP.

When Spencer's appointment was announced at the end of last year, he said he wanted to wait for the cash for peerages row to blow over before he replaced Lord Marland who has been the Tories' chief fundraiser since 2003. It was thought Levy might seek to blame t...

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