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A Labour donor worth more than £1 billion has disclosed that he will help to fund a general election campaign if Gordon Brown chooses to go to the country this autumn.
Lord Paul, a philanthropist who helped to save London Zoo, smoothed the way to an early poll by saying that he would boost election coffers by “as much as I can afford”.
The steel billionaire, who hosted a gathering attended by many senior Brownite supporters at the zoo shortly after Mr Brown’s succession, gave a welcome boost to Labour chiefs worried by the party’s £20 million debts. Other donors are believed to be waiting in the wings if Mr Brown goes against his earlier inclination and calls an election within weeks.
Party sources say that they are confident of raising enough for an early election. Mr Brown is believed to be unlikely to conduct a lavish campaign and may make a virtue of keeping below the spending limit of £20 million. It is understood Labour has already approached advertising agencies over the handling of its campaign. At least three, including Beattie McGuinness Bungay, run by Trevor Beattie who was involved in the Blair election victories, are thought to be in the running. Mr Brown has also recently appointed a new director of election resources, Jon Mendelsohn.
It has also emerged that Mr Brown has spent £39 billion in his first seven weeks at No 10, by preannouncing the release of money from the Comprehensive Spending Review, due in October. Defence has been promised £7 billion extra, the railways £15 billion, housing £8 billion and preschool education £4 billion.
Lord Paul has been a friend of Mr Brown and his wife, Sarah, for many years. He is chairman of the 2012 Olympic Delivery Authority. He is nondomiciled in Britain for tax purposes but insists that he pays big sums in tax to the Treasury each year.
In The Sunday TimesRich List 2007, the wealth of Lord Paul and his family was put at £1.5 billion. In a Channel 4 interview he said: “All I know is that if there is an election, whatever I can pay I will pay. I am a believer in Gordon Brown and I think he’s the best person in the country.”
Asked how much he would pay he replied: “As much as I can afford.” Sir Ronald Cohen, a venture capital tycoon, is another big financial backer of Mr Brown, and there has been no suggestion that Lord Sainsbury of Turville, who gave big sums to Labour under Mr Blair, will not be equally generous under Mr Brown.
Party strategists are playing down suggestions that the SNP’s continued strength in Scotland will deter Mr Brown. Analysis of nationwide polls shows that Labour’s support in Scotland is similar to that at the 2005 election. Mr Brown has six weeks before Labour’s conference to decide whether to go for an early election. If he sticks to his original intention of a poll next summer he is likely to signal his intention in September. Were he to go for an autumn poll, the Commons would have to be recalled in October, if only to be dissolved for the election.

Sam Coates's blog about Westminster, politics and spin
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âI am a believer in Gordon Brown and I think heâs the best person in the country.â
The best person for a billionaire like you maybe but what about the rest of us?
Rod Munch, Northampton, UK
What a sorry state the UK is really in when a man needs a billionare to bank roll his election campaign. The old saying of "nothing is free" is always true and dont be surprised to see many steel plants pop up if Brown wins.
The closer the UK leans towards Us style election campaigns the closer you come to having a "bush-like" fool for a PM who won because he had money.
Get real UK and impose limits on personal donations to all parties and let the cream float to the top without the help of a silver spoon
luke, Perth, Australia
so with Brown in the pocket of an Indian,
expect more of the same from McBrown...
Corby told they are TOO white by labour.
the good people of Corby have had their main goverment
employer the prison service move to Leicester(45% + imigrant based) as Corby was OPENLY deemed too white by the goverment! the people of corby now have to compete for jobs with a massive recent influx of poles to the area! i was a labour supporter but NEVER again!
i went to all the main parties websites and they were all the same English man comes last PC rubbish.
the BNP get my vote, i thought they would be extreme from what the press tell us but their policies were fantastic and just what this country need, tough on immigration and tough on the causes of crime...the criminals!
j smith, east london hellhole, eussr
Still pay back time for Lord Paul.
David, Poole,
Also gives an indication of the people that have benefitted most from this Labour government. Labour politicians of old would turn in the graves in the way that this New Labour has completely left the working population to fend for themselves .... and to subsidise the rich / powerful / foreign.
Tom, Belfast,
What happened to cash for honours and caps on big donations? Buried under the Brown bandwagon it would appear.
Oscar Miller, London,
Yes Maggie he already has a Knighthood. Perhaps he has a social conscience and wants to show his support for Gordon Brown and the Labour Party over the wealthy but light weight and shallow David Cameron Conservatives.
Gary Stewart, London,
So a billionaire , who uses his non-domicile status to avoid taxation, wants to fund the Labour party which sees tax raising as one of its core policies and believes. Very Labour: do as I say, not as I do. Lord Paul shares his principles with Greoffrey Robinson and Tess Jowells' ex-husband, happily using oofshore trusts.
John James, eastbourne, england
I wonder what Lord Paul has to gain by doing this?
Judy , Liverpool, england
Whats he going to get in return. More than a pointless peerage I bet!
The further a monkey goes up a tree the more of it's arse it shows you.
Let them wallow in it.
Douglas, Crawley, UK
I would not want to be bought by an industralist. It is like the USA now, where's democracy?
An election should not cost anything like this. It is media hype.
a few proper speeches with the 'truth', what ?, we don't want any of that.
I wonder how many of Mr Brown's 'friends' are tax exiles/living off Government consultancy budgets or aiming to do so.
Oldhenry, Leicester, England
Lord Paul represents a threat to democracy with his £1bn . But don't expect Gordon 'pension thief' Brown to refuse it.
Dave, Hereford, Herefordshire
Was it UKIP that had all sorts of trouble over a donation by a non-resident? Or was he a non-registered voter?
Victor, NW Kent, Swanley, Kent
Presumably any limitation on the size of individual donors will not be introduced until some time after the Labour Party has filled its boots.
Andrew Smith, Epping, UK
Good luck to Lord Paul - he does have his peerage, but he showed his philathropic nature by saving London Zoo and now he wants to help fund the Labour Party. Is there connection here?
Rodney Barker, Gainsborough, England U.K.
No no, its in return for the honour. There is now no shortage of schemes the Labour party can call upon, cash for honours, cash for access, cash for questions. Infact as we speak Lord Levy is busy devising the latest scam; something along the lines of setting up a stall on the corner of Whitehall and Parliament Square hawking everything from knighthoods to curry powder. Just how much influence does the Indian establishment have over this Government?
Rob Hicks, Johannesburg, South Africa
I am just at a loss to understand why a non domicile who I assume can not vote? is allowed to fund a political party to this extent.
If we are not careful this countries democracy is going to go the same way as the US where the only thing that matters is how much money you can raise.
Michael Broom Smith, Bromyard, UK
that MUST be worth an honour of some sort. Just hope its a waste of money.
Roderick Crawford, kettering,
Martin - given that the Tories outspent Labour in the past three general elections, no it doesn't...
James, London, England
His Lordship's phlilanthropy might be better served by helping the poverty-stricken millions in India rather than the power-hungry in the Labour party.
Rick, Greater London, England
It also goes to show how money shields you from the misery some are suffering due to Gordon Browns policies.
Can't he see what's happening to the country ?
What has this billionaire got to gain from Brown ?
He already has his Lordship !!!
Maggie Millington, Brittany , France
Just goes to show that money can buy you anything.
Martin, Shropshire,