Monaco: Peter Cruddas pledges 400,000 pounds to hamper political reform
Monaco businessman unveiled as No to AV top donor
A Monaco based businessman has donated 400,000 pounds to the No to AV campaign.
Peter Cruddas, who runs CMC Markets, a financial service company based out of London, pledged the six-figure sum ahead of today’s referendum on a change to the Alternative Voting system.
The stockbroker, said to be the richest man in the City of London, is a prominent Tory donor, having donated 200,000 pounds to the party in 2009.
Cruddas is just one of a whole host of hedge fund managers and city financiers who have made large pledges towards the anti-electoral reform camp, which has led to further allegations that David Cameron is in the pocket of a privileged bankers.
This latest revelation, published in The Guardian on Tuesday, comes at the end of an allegedly underhanded campaign run by the No to AV team, which at one point appeared to insinuate that babies would die if the Yes camp were to win. Their poster of a sick baby carrying the slogan, ‘She needs a new cardiac facility not an alternative voting system’, was just one example of their attempt to sway public opinion with unfounded allegations regarding the extra costs of implementing a new voting system.
Liberal Democrat energy secretary, Chris Huhne, reportedly erupted at Cameron and the chancellor George Osborne during a cabinet meeting on Tuesday over their lack of discipline during the No to AV campaign in regards to literature that attempted to smear the Lib Dem leader Nick Clegg. Huhne called the attack "nasty, personal and vindictive."
A ComRes on Tuesday put the No campaign 32 points ahead of the movement for election reform based upon voters who would definitely vote in the referendum.