Credit Crunch Over Hain's £5,000 from Loan Company CEO
He Gave Ringing Commercial Endorsement to Backer
Carol Vorderman charges a fortune to advertise debt consolidation company FirstPlus. Peter Hain got a donation of £5,000 from rival debt consolidaton company boss, Neville Allport, his Picture Financial Services plc offers easy credit - "You can even borrow up to 125% of the value of your home" says the website "something that traditional lenders won't consider." They won't consider such gearing because it is financially reckless.Prominently displayed all over the company website is Hain's ringing commerical endorsement. Guido can't recall a serving minister's endorsement ever being used to advertise a company in this way. Guido is sure that Hain's endorsements and the £5,000 donation are entirely coincidental.
The 10.9% APR charged to credit maxed out debtors is very profitable, which probably explains why Ronnie Cohen's Apax Private Equity is the biggest investor in Picture Financial Services plc. Remind Guido again where Hain stood on the Private Equity issue during the deputy-leadership campaign...
UPDATE : Looks like Hencke and Wintour on the Guardian are joining the chase this morning, with a front-page splash on Hain's missing declarations. They are (rightly) fingering sleazy lobbyist Steven Morgan, identified by Guido in May 2007 as responsible for raising the cash.The story points vaguely to an undeclared circa £10,000 from "City or business people". Hain is said to be personally auditing the figures. Don't forget the benefits-in-kind Peter...
64 comments:
Browns 'relaunch' will be instantly forgotten the minute charges are brought over 'donergate'.
I hope for gods sake, that Hain is one of those charged.
guido your a Catholic can't you have a word with the big fella??
He must hate the fuckers as much as the rest of us.
W.W.
Hain is scum. He is pure poison.
Go back 12 years and think how much Blair/Brown/Campbell/Mandelson would have made of this if Hain had been a member of the Tory Government. What will we now get from this bunch of Tory pussies - not a peep, I'll bet.
The fat orange fuck was on BBC TV News rubbishing Tory plans for welfare reform. Aided and abetted by Nick Robinson.
A couple of See You Next Tuesdays.
Hain is bent as a Fiddler's elbow and corrupt as they come. They fact he would whore himself out for a measly £5k to a company that profits from the misery of the "working class" he is supposed to represent puts him in the same category as peado-priests...
Apparantly, The Guardian doing a front page spread on Hain hiding tens of thousands.
I personally wouldn't line the cat litter tray with it, but if someone would care to read it and post the interesting bits, I would be very gratefull.
W.W.
'Picture' is a nasty debt consolidator of the worst kind.
Feeding off the debt mountain engineered by Labour should be a crime. Unfortunately, many are taken in out of desperation.
The website - which includes such classic headlines as, 'Feng Shui Your Debt' - are surely an offence under any Trades Descriptions Act.
How wonderful that Peter Hain will be one of the team repossessing your home in 2008. (Check Picture's FAQ's)
Hain fiddling his expenses is a petty crime. This is a moral outrage. But what do you expect from the guy who refused to condemn Guantanamo.
I cant believe it just watched, Phain in the neck, on the news saying the tory sums dont add up, I guess he didnt know what the leader in the Guardanista would be. I would love to be a fly on the wall in No.10
You couldnt make it up
FROM SCOTLAND
a quick analysis of the two adds from picture suggests ,on one the woman has geordie accent , and the house is quite comfy obviously kids present , "yeah hi is that picture" ,"yeah ide like to borrow 25k" ,"really as low as that" ,"its really easy with picture"
its very sophisicated media quite different to the other adds.
saw phain on news and he was criticising graylings new plans , he looked to be crapping it , now wearing mad nu labour type smile/horror grimmace.
now hes got statement out that it was "an administrative error".
santandar have also been offering 125% mortgages who are looking to buy alliance and liecester.
very clever bankrupt homeowners and then make money on them sorting it out.
nice one on apax guido
Guardian splash and now Times also.
Quote:
"Mr Hain’s political future rests on the outcome of an investigation by the Electoral Commission which could impose a fine on the Cabinet minister for late and inaccurate reporting of donations."
I think he's dead meat.
Oh dear - how soon can WE the voters expect to repossess No. 10 - whether there is a viable alternative to the King Gordon Brown is no longer relevant. It is time that all parties realise that WE are in charge and despite the dumbing down of the education system WE ARE NOT STUPID
another neo marxist PC commie scumbag going to the 2009 McCarther Communist traitor inquisition and trial.
cant wait!
"instantly forgotten the minute charges are brought over 'donergate'."
Believe it when I see it. WHERE are the press ? WHERE are the Tories ? Will anyone else follow up on the Grauniad ?
You've got to love the fact that Brown is now in charge of this sleazy mess. No hiding now. I prescribe a chapter of the PM's magnum opus "Courage" before bedtime and a nice dose of hemlock as well!
Hound the bastard back to south africa!. I emailed him a while ago asking him why he was such a tosser and he never replied how odd.
All we need is change and hope!
Hilary in "tears" and Pensioner on the rack.......maybe the Obama guy is the man!
Now will we see Gordo play the stern headmaster and gate Pensioner?.
2008 is looking good..Hillary in "tears" and Pensioner Phain on the rack. Will we see the stern headmaster gate the feckless Pensioner?. Let's hope Gordo chickens out ....again!
That Picture ad as it should have been: Geordie woman on phone, surrounded by 8 screaming snotty kids; "Hoi, is that Pikcha? Haway, i wunt 25000 poond. Na, i have a cooncil house an am on benefit. Me gadgy's in Durham for attempted morder. What dee a wunt the money fur? Am gonna av 2 weeks in Torkey wiv me mam, get ma boobs dun and then gan doon the Bigg Market on the lash. Great, ta!" Cut to Peter Hain, "and if you should fail to repay that, dear voter, the British taxpayer will not let you down".
Hain's comment referred to the fact that Picture had opened new offices in Newport. It's a typical politician's comment of a good news story bringing jobs to an area he represents. No sensible person can read this as an endorsement of the company. The simple fact is that a number of Welsh business men or welsh based businesses gave Hain's campaign money because of the Welsh connection. If he represented a constituency in england they would not have bothered. You are really stretching the connection between Picture and Hain too far.
A subprime loan sharking company is "exactly the kind of energetic young company we need". For a Labour MP, a Labour MP, to say this is disgraceful.
With many set to lose their homes in the coming year as unemployment goes up and property prices go down, Hain is a sickening example of greed and vanity.
The question is who in Wales has been donating to his campaign as there are rumours of a number of prominent businesspeople - in addition to Allport - putting their hands in their pockets in exchange for favours.
Guido - why don't you ask for a list of all those who attended the infamous 'fundraising' dinner. Surely Hain would have nothing to hide?
Well done Guido.
Now that they have abandoned socialism, Labour stand for nothing but feathering their own nests.
New Labour, New Greed.
Hypocritical fu**ers
After 10 years of lessons from NuLabour I am definitely going to try their excuses on the Inland Revenue.
Yes I have omitted £5000 from my tax return. You have found me out.
Now that you have, please let me now declare it and let me not have any consequences from having failed so to do.
I did not declare it because:
a)I am an idiot
b) I think the Inland Revenue are idiots
c) I cannot organise a piss up in a brewery
d) I do not keep any records or accounts
All good NuLab excuses used over the years (for "Inland Revenue" above, substitute "the public")
I wonder what the HMRC response would be. "that's ok mate lets all move on then" seems fairly long odds to me.
I see that the Brown Bullshit Corporation are putting their typical spin on this.
According to the BBC the onus is on the donor to ensure that the donation is correctly registered in his name.
http://news.bbc.co.uk/1/hi/uk_politics/7176152.stm
The last paragraph says”
Mr Abrahams' donations broke electoral law because people must use their own names when giving more than £5,000 to political parties. “
I guess that NuLiebor’s connivance at this state of affairs does not amount to conspiracy then. Only Abrahams will be charged, I suppose.
Peter Grimes
"Guido is sure that Hain's endorsements and the £5,000 donation are entirely coincidental".
Cetainty, a quality possessed in spades by Gobshite. Ohh, Guido. Tsk Tsk.
No MP let alone Cabinet Minister should be endorsing a company like Picture The Loan.
Hain has zero class.
Why do people always think the worst when they read about payments in "cash and kind"?
Mr Hain and his team were running a busy office, of course it was chaotic.
Well done Guido!
I just had a look at the website - what a NASTY piece of work Hain must be to associate with low-life like that company. And John Frost's comment is absurd - Hain's endorsement (to those who don't know him for the low-life he is) must have tempted thopusands of people to get further in to debt with these loan sharks.
Hain's donations should have been published in June. The story broke in November. Now he has asked for time to "carry out a full audit". WTF! You could audit a plc in the time he has had since the story broke. He's playing for time. The question is Why?
Hain isn't "dead meat". He'll do what all New Labour politicians do:
1 Refuse to be interviewed about the claims. Go into hiding.
2 Call for some sort of an enquiry, headed by his own man.
3 Never resign over anything.
4 Accuse the Tories of being just as bad.
This has been standard Labour practice ever since Mandelson resigned for the second time round and the apparatchiks realised nothing good ever comes from resigning. Makes the Party look bad, don't you know.
Charles is right,
When ministers resign, the opposition claims a "scalp", and public says no smoke without fire. When crooks stay in office, public assumes all OK. We ARE idiots, you know.
Par for the course for ministers of this Sub-prime Minister, formerly known as the Enron Chancellor.
Has it all gone quiet in Scotland and Peckham?
Hain is certainly dragging his heels over declaring these donations.
The requirement is that they must be declared within 30 days of the donation being accepted. Even if, as seems likely, he claims that the failure to declare the donation was down to his "team", he is personally responsible.
He has also been aware of the failure since the beginning of November. On 3rd December he revealed that there were more donations he had failed to declare.
So even restarting the 30 day clock from 3rd December, he would still not have complied with the requirement!
Astonishing... I hope any penalty will be increased due to the continued failure to report even since he has admitted to being aware.
So where is (the likes of) Martin Bell when you need him?
Cash for Questions == Brown Envelopes. NuLab == Sleaze to a whole new level.
There is a bit in the ghastly Picture adverts that really worried me "A bit of rain never hurt anyone", which sounded like signing up to lots of liability. Given PHains finances, and the UKs finances, perhaps we will find out if it does.
hain really is the lowest of the low. a coward that watched his boss resign over iraq and then jumped into his seat and feathered his own nest. wot a cunt
* WASPISH Mirror columnist Kevin Maguire has had his guns levelled squarely at Northern Ireland Secretary Shaun Woodward of late. Just before Christmas, Maguire penned a piece in his newspaper column which impertinently asked readers what the point of Woodward was.
Now, in this week's New Statesman, he says the ambitious Tory Turncoat has been getting up the nose of Brownite foot soldiers by "sticking his suede loafers in" around Downing Street where they don't belong. This coarse invective has apparently nothing to do with the Mirror's former political editor – and Kev's long-term bête noire – Oonagh Blackman recently joining Woodward's office as a special adviser. Absolutely nothing at all.
Charles (9.34) has got it spot on. NuLiebor consider resignation a weakness, and therefore something only Tories do!
Peter Grimes
I'm sure that even this government of largely third rate lawyers will think of ways of keeping prosecutions to a minimum. Think of cash for honours all over again.
All very intersting but what about the CD data loss
We were promised a report in 3 weeks
http://news.bbc.co.uk/1/hi/uk_politics/7118593.stm
What happened - still covering up?
Perhaps Guido could make some phone calls....
Better late than never....Guardian starting to cover Phain's mess....months AFTER Guido commenced digging up Phain's skeletons. How much did he GET and HOW did Phain spend the foolish donors' money.....will make for a squirming time for the Pensioner and great Red Top fun!!
It's relevant that the Nigradau is after him (and all due respeck to them for that). Recent comments at CiF suggest that even dyed-in-the-wool Labour sheep are beginning to wake up & smell the dung.
Pity it's not also an offence to be an oleaginous hypocrite and lickspittle.
If smug Mr Orange can't get a simple, single-event, £100,000 budget right, why should he be entrusted by the Prime Minister - to say nothing of the electorate - with the control of not just one [Health and Pensions] government department but two [Wales]?
Picture were forced by the ASA to pull their Geordie woman TV advert in October
http://www.asa.org.uk/asa/adjudications/Public/TF_ADJ_43312.htm
Guido, is there a conspiracy on here?
The very day when Cameron announces welfare reform, Labour's Work and Pension Secretary Peter Hain - the man who should be rebutting the Tory scheme - gets exposed as a rule-bending incompetent piece of slime.
Yes,Thanks Martin Bell!He was on television recently stating that Labour sleaze was worse than the Conservative version.What a sap.Apparently he won't reply to the charges made in www.guardianlies.com
This Labour generation are actively corrupt and we won't have a country until they're exposed as such.
There is little doubt in my mind that this £5,000 is a taxable receipt in Hain's hands. He has merely sold an endorsement to some squalid bunch of usurers and then applied the funds to his political cause. There is no taxation deduction for payments to a political party.
This means that, on the facts, the General Commissioners would have to confirm assessments which brought this receipt into charge to income tax.
I am amazed that Hain should be so stupid, as well as venal, to have allowed his position to be so inescapably tarnished.
Endorsement by ex-ministers has occurred in the past. Many will remember Healey's endorsement of sainsbury's. Personally, I think it was an abuse of office given that Healey himself could hardly have regarded Sainsbury's goods as that remarkable. But Hain's endorsement whilst actually serving at mininsterial level is clearly in contradiction to the general obligation upon a minister not to take sides in any commercial matter other than on the ground of a national interest.
Simon Cawkwell at 12.01
Good golly, Simon, is that really you? You surely have better and more lucrative things to do! Nickel's the one to bet on this year. I hope you were 'short' of Evel K making it to 70. You won't know me in this persona, but may I [pseudonymously] wish you all the very best of good things for '08.
I agree with your assessment, but would take issue issue with your stance of being 'amazed'. I am only amazed that it's taken this long to nail the disagreeable, Yarpie hypocrite.
are the labour government adement on self destruction? how hard is it to 'declare' monies given to the party even through an mp's personal take? I think Gordon should have another in-party investigation just to find out where mp's loyalties lie. deal or no deal? and the labour mp's say deal every time. 'thank you mr. dodgy banker! it was good doing business with you'
Perhaps the gentlemen at William Hill's might start a book on when Phain will file a set of accurate accounts.
The former Young Liberal chairman seemed to be incapable of telling a Radio 5 journalist when he might file the accounts. He continually referred to openess and transparacy, but his answers were masterpieces of double speak. Perhaps there ought to be a audio link.
so in criticism of new conservative work plans hain says "its not properly costed" what you mean like similar to your donations havent been accounted for legally!!
ime not sure if sorry will do mr hain , and besides how do you get campaign money after the campaign , surely you need it during one !!
Surely Hains endorsement of Picture Financial Services should have been registered, even if no money passed, it is afterall a commercial activity apart from Hain's normal political activities.
Has he been reportd for this? even nif its legal it sucks and is highly questionable if not immoral.
Dear, oh dear, don't you lot know it takes ages to shred all the letters and dump the emails so that they can't be discovered. Hain's probably been burning the candle at both ends rooting out favours and covering his over large arse against discovery. I don't think 30 days is long enough, unless someone is not cooperating.
...and where the hell is Boy Dave and Co? Every time an opportunity like this arises they all go to bloody sleep. There just aren't any attack dogs in the Tory party any more. Are they all a bunch of Pansies, or what?
"There just aren't any attack dogs in the Tory party any more. Are they all a bunch of Pansies, or what?"
Why would Dave want to attack Labour? He's way above that kind of thing now. He's going to be our next PM. Why stoop to soil his hands with the likes of Hain? Leave it to the LimpDems and the SNP. They've nothing better to do.
http://www.youtube.com/watch?v=UY_mPrjHQyY
geordie woman taking up the glitters for Peter Hain.
Spineless lobby hacks mute about Pensioner at Gordo's lurve in conference.
Hope Gordo makes a bugger of Murdoch's investments ( and Steltzer's sinecure)in GB.
One,two, buckle my shoe..... SELF auditing Peter Hain, can rely on help from one of his generous( if foolish) donors Loughlin Hickey, head of Taxation at mega bean counters KPMG. Hickey made his substantial (and declared )donation to cabinet minister Hain in a personal capacity, of course.
Just phoned picture for a loan and when I said I wanted to give it to peter hain they put the phone down on me
I see from the Guardian website this evening that the fat arsed yellow troll has responded to their article. He's doing a Brownie, "deeply regrettable - organisational and administrative problems - details by the middle of this month". Who is he kidding? It seems that this time he forgot 10,000 in cash and kind from the GMB Union and 1,300 from a fundraising dinner in Cardiff. The Guardian reckons there is likely to be a number of other "forgotten" donations from businessmen. The Guardian don't seem to have got to grips with the "Picture" angle, but let's not forget they are a NuLab shower first and foremost. Let's hope one of the right leaning papers has it for tomorrow.
I guess the proprtions are about right anyway - a fortune for Vorderman and only £5k for Hain.
Like much of NuLiebour he prostitutes himself very cheaply!
Peter Grimes
Simon Cawkell 12.01 - so the great shorter speaks. Is this an omen for Tango?
Wasn't there once a film titled "Tango and Cash"? How prescient.
i couldnt agree more with the anonymous comment "are the labour government adement on self destruction? how hard is it to 'declare' monies given to the party even through an mp's personal take? I think Gordon should have another in-party investigation just to find out where mp's loyalties lie. deal or no deal? and the labour mp's say deal every time. 'thank you mr. dodgy banker! it was good doing business with you'"
thats all i wanted to say, thatx for putting my words in your mouth
JWP
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