A penny for his thoughts

Tomorrow morning we’re running two articles about donors shying away from political parties after an endless wave of unwelcome publicity. But not everyone is deterred.

Mike Slade, the flamboyant founder of Helical Bar, a property developer, says donors should ignore it when observers question their motives. Mike_slade

Too many people have been “cowed” into not giving to parties because of the potential ignominy, he reckons. They should have “big balls” and ignore any potential flak.

Mr Slade (pictured on the left) recently gave £20,000 to Boris Johnson’s campaign to be London mayor and has donated £100,000 to the Tories in the past.

The entrepreneur concedes that his support could be seen as an attempt to influence Mr Johnson’s policy on tall buildings in outer London.

“You do run the thin line of someone saying: I’m only doing this to have access and influence, but that was what politics was always about. It is a little unfair but there must be 20 per cent truth in it.” Refreshingly honest, I’d say.

You can read about the opposite point of view – from businessmen including Sir Tom Hunter – at this address.

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The authors

Jim Pickard joined the lobby team in January 2008. He has been at the Financial Times since 1999 as a regional correspondent, assistant UK news editor and property correspondent.

Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.

Contributors

Elizabeth Rigby, the FT's chief political correspondent, joined the lobby team in September 2010. Elizabeth has worked at the FT for more than a decade and was most recently its consumer industries editor.

Helen Warrell is the FT's UK reporter, covering home affairs, crime and policing. She joined the FT in 2008 and has spent time as a reporter in the Brussels bureau and more recently, editing the paper's Asia coverage on the world news desk.

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