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Boris Johnson hands peerage and ministerial job to banker who gave party £147k

Banker Malcolm Offord will be entitled to sit in the House of Lords and make laws for the rest of his life, despite never having been elected

Boris Johnson was accused of “banana republic” cronyism

Boris Johnson has been accused of “banana republic” cronyism after handing a life peerage and a ministerial job to a financier who has donated £147,000 to the Conservative Party.

Banker Malcolm Offord will be entitled to sit in the House of Lords and make laws for the rest of his life, despite never having been elected.

And he’ll be immediately installed as Parliamentary Under-Secretary of State at the Scotland Office.

Several Scottish Tory MPs were passed over in order to end Mr Offord the job – which could spark anger in the party as it heads to its annual conference in Manchester this weekend.

Electoral Commission figures show Mr Offord, the founder and chairman of Scotland-based firm Badenoch and Co, has given £147,500 to the party, both through central office and MPs, including Housing Secretary Michael Gove.



Scottish financier Malcolm Offord gave £147,000 to the Conservative Party
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The party was previously accused of cronyism after Mr Offord landed a spot on the candidates list for the Scottish Parliament.

But he failed in his bid to become an MSP in May’s elections.

“In some sense this is to be welcomed,” a Labour source said.









“No longer the pretence of having to WhatsApp a Minister to win a contract you aren’t qualified for.

“Instead we see the more honest approach – if you just give the Conservative Party enough of your money they’ll pay you back with some of the public’s.

“This is cronyism which would shame a banana republic.”







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