The resignation letter and a pointed statement

A spokesman for the Liberal Democrats has said tonight: "It is important that no member of the party, whether they are a donor or not, can simply dictate the party's policies. Nick made clear to Lord Jacobs that he agreed that the tax burden on ordinary tax payers should be lowered as the party has been advocating for months. But that Lord Jacobs wider proposals do not stand up to economic or political scrutiny. Nick Clegg and Vince Cable will not change their principles in response to threats of resignations from donors on anyone else."

Ouch!

Comments

[Simon]

Well done, Nick Clegg! It is about time that we had more fundemental political finance reform. If we value democracy, we should be prepared to fund it from the public purse based on the number of votes received at the last election with elements of match funding up to a small figure (£10,000?). No vested interests from big business, trades union or wealthy donors.

[James Schneider]

Frankly his resignation appears bizarre. He wants tax cuts. Clegg is proposing tax cuts. They may not be as big as Jacobs wants or following his detailed plan but its still something. This is one resignation I just don't get.

Rich people shouldn't be able to hold party policy to ransom anyway.

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