This morning I wrote on the FT front page that Ed Miliband has been accused of “hypocrisy” for launching his moral crusade against ‘bad’ business while Labour officials are negotiating a £1m donation from Andrew Rosenfeld, a former tax exile.
Rosenfeld is also controversial because in 2005, during the collapse of Allders, he refused to accept responsibility for its £68m pension deficit despite his large financial stake in the retail chain – through a vehicle called Scarlett Retail.
Meanwhile this morning Miliband is trying to refine his message further, suggesting that Labout is “not anti-business but anti-business-as-usual” – which is a much more effective line.
Channel 4 are doing more on Rosenfeld tonight. As Gary Gibbon writes on his blog:
You can see Jon Snow’s interview with the Labour leader tonight. It’s particularly interesting on whether the self-proclaimed ripper-up of the rule book intends to carry on negotiating a £1m donation from Andrew Rosenfeld, who only recently returned to the UK from Geneva and was criticised for refusing to accept responsibility for a pension deficit at Allders even though he had a chunky stake in the firm (you can read a bit about it all in today’s FT).
Ed M says that on this donation he is playing it all by the rules: “we are not flouting the rules.” Hmm. Not ripping up the rules exactly? The predator/producer check will be run very tightly by the media on who donates from corporate Britain to the Labour Party in future. Also who advises and who endorses.