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Wikipedia

Michael Ashcroft

Michael Anthony Ashcroft, Baron Ashcroft, KCMG, PC (born 4 March 1946)[1] is a British-Belizean businessman, pollster and politician. He is a former deputy chairman of the Conservative Party. Ashcroft founded Michael A. Ashcroft Associates in 1972[2][3] and was` the 132nd richest person in the UK, as ranked by the Sunday Times Rich List 2021, with an estimated fortune of £1.257 billion.[4]


The Lord Ashcroft

Ashcroft in 2015
Born
Michael Anthony Ashcroft

(1946-03-04) 4 March 1946 (age 77)
Chichester, West Sussex, England
Citizenship
Education
Alma materAnglia Ruskin University
Occupation(s)Businessman, politician
Known for
Political partyConservative
Spouses
Wendy Burrell
(m. 1972, div. 1984)
Susan Anstey
(m. 1986)
Children3

He was created a life peer in 2000, and sat on the Conservative benches of the House of Lords until resigning in 2015. The Cabinet Office stated that he would take up permanent residence in the UK for tax purposes,[5][6] but it was reported a decade later that he had not done so.[7][8]

Ashcroft holds dual British and Belizean nationality, and is a belonger of the Turks and Caicos Islands.

Early life and education edit

 
Ashcroft's bust In the lobby of the Lord Ashcroft Building at the business school of Anglia Ruskin University in Cambridge, from where he earned a Higher National Diploma in business studies.

Michael Anthony Ashcroft[9] was born in Chichester, West Sussex.[10] His father Eric was a British colonial civil servant; Ashcroft spent some of his early years in British Honduras (now Belize) and Malawi.[citation needed]

He was educated at Norwich School, Royal Grammar School, High Wycombe, and Mid-Essex Technical College (now Anglia Ruskin University), where he obtained a Higher National Diploma in Business studies.[11][1]

Business career edit

After a period in Belize after completing his education, Ashcroft returned to hitch hike around Europe, and then for a short period of time became the manager of a rock and roll band.

In 1967, Ashcroft joined Carreras Tobacco as a management trainee.[12] He left Carreras in 1969, joining Pritchard Services Group, a cleaning and business services company, after several months unemployed.[12] In 1972, at the age of 26, he started his own business, Michael A. Ashcroft Associates, which he used to launch several profitable acquisitions.

Acquisitions and divestments edit

Ashcroft's first acquisition was Uni-Kleen – a loss-making cleaning company with 1,000 employees, which he purchased for just £1 in 1974, with a £15,000 bank loan (equivalent to £200,000 in 2021). He worked to turn the company around, selling it just three years later for £1.3 million.[10][13]

On exiting Uni-Kleen in 1977, his next purchase was Hawley Goodall, another poorly performing company, this time in camping equipment manufacture. Ashcroft used Hawley to make a series of acquisitions, transforming the company into a business services group, ranging from janitorial services for hospitals and offices, to car auction services, and later with a focus on the security services industry. Through the sale of the car auctions division to the fast-expanding British Car Auctions (BCA), he formed a lifelong friendship with David Wickins, whom he would later help take a majority stake in Lotus Cars, as well as provide finance for other joint-ventures.[14] By 1981, Hawley had made its first acquisitions in the United States, and its total revenues had grown to $27 million.[citation needed]

By early 1983, Hawley had built up a 20% stake in pharmaceutical packaging manufacturer Cope Allman. Ashcroft offered to increase his stake to 29.9%, just below the 30% level at which a formal bid for the entire company must be launched. Ashcroft and Cope Allman fought bitterly over the purchase share price and current holdings, with Cope Allman reporting Ashcroft and Wickins to the Takeover panel, after discovering that BCA had built up a 13.5% in the company. But the takeover panel found that Ashcroft and Wickins were operating independently, so Hawley was able to increase its holding to 29.9%. At this point the combined holdings of Hawley and BCA in Cope Allman amounted to 43.5%, giving them the power to introduce sweeping changes without launching a full bid.[14] Cope Allman was eventually sold to an MBO backed by Hawley and financed by Bain Capital, and then sold to Bowater in 1992 in a complex swap of assets with ADT/Hawley.[15]

In 1985 Ashcroft and Wickins bought car sales dealership Henlys Group via a Canadian-registered company, Mipec. Controlled by Ashcroft's Hawley Goodall, Henlys was merged with the already-owned funeral hearse maker Coleman Milne to form a motoring division. In 1989, Hawley Goodall sold its motoring division consisting of Henlys and Coleman Milne to the Plaxton Group, the bus and coach manufacturer based in Scarborough, North Yorkshire.[citation needed]

In 1986, Hawley bought out Ashcroft's former employer, Pritchard Services, leaping to second place in the U.S. services industry. At this time, Hawley had revenues of more than $1.3 billion.[citation needed]

1987 was a key year for Hawley. In the early part of the year, it bought Crime Control Inc. based in Indianapolis, for $50 million, placing the company in fourth place in the U.S. security market. Later in the year it bought ADT Security Services, the largest electronic security company in the United States. This purchase transformed Hawley into the leading security services business in the United States, and resulted in the majority of its revenues coming from the North American market. As a result of the acquisition, Bermuda-registered Hawley changed its name to ADT Inc. and decided to refocus its business around security services. At the end of 1987, the company sold its North American-based facility services business to Denmark's ISS A/S.[citation needed]

In 1987, Ashcroft bought out the existing shareholders of Wickins' BCA via Hawley Goodall. Based at Blackbushe Airport to allow Wickins access to his treasured aviation division, which flew both Jet Ranger helicopters and Beechcraft King Air turbo prop aircraft, Ashcroft, who has a disliking for such flippant expenditure,[citation needed] immediately sold off the aircraft. Wickins joined the board of Hawley Goodall, remaining there until the Tyco takeover. He retired from BCA in 1990. In 1995, to allow for the Tyco transaction, the group decided to divest itself of BCA. The residual North American arm was sold to trade buyers, while the European arm was sold to a consortium of some 40 private investors, including Ashcroft via his Belize-based investment company. In September 2006, BCA was bought by the UK-based investment banking arm of private bank Samuel Montagu & Co., a division of HSBC, personally netting Ashcroft over £200 million.[16]

In 1997, ADT was sold by a reverse takeover to US conglomerate Tyco International for $6.7 billion, allowing Tyco to become tax-efficient.[17]

Ashcroft disposed of large amounts of the Tyco stock which he had acquired as a result of the sale of ADT, stating that he needed the capital to diversify into other things and that he never retained a substantial stake in any enterprise which he did not control. Ashcroft nevertheless continued as a non-executive director of Tyco, a role he still held in 2002 when Tyco CEO Dennis Kozlowski was arrested in New York in connection with personal tax offences. Unease had already been expressed at Tyco at some of Kozlowski's corporate decisions and Ashcroft was amongst the directors who appointed lawyer David Boies to investigate irregularities in the company.[citation needed] In time, the exposure of management deficiencies led to Ashcroft demanding that the whole of the board of directors of Tyco should resign, to be replaced by new management.[citation needed]

Belize and cross holdings edit

Ashcroft has close business and other connections with the Commonwealth country of Belize, and served as the country's ambassador to the United Nations between 1998 and 2000.[1] In his 2005 biography, he admitted that it is a country where his interests have been "exempt from certain taxes for 30 years".[18] In 2009, the Prime Minister of Belize Dean Barrow told its parliament:[19]

Ashcroft is an extremely powerful man. His net worth may well be equal to Belize's entire GDP. He is nobody to cross.

Barrow also warned David Cameron that relations with the United Kingdom would be damaged if Ashcroft were given a senior position in government.[20] In 1981, Belize had gained independence from the UK. Seeing the opportunity to build an off-shore operations base and control the country's financial service, in 1984 Ashcroft formed Belize Holdings (BHI), which became the vehicle for a parallel acquisition spree during the 1980s, beyond the scope of Hawley.[citation needed]

By the late 1980s, BHI had become one of the largest holding companies in Belize, with direct interests in or holdings via main operating company Stargate Ltd, ranging from telecommunications, property, the Belize shipping register, and citrus fruits.[citation needed]

In 1987, BHI led the formation of Belize Bank Holdings (BBH), which took control of Belize Bank from the Royal Bank of Canada. Belize Bank has become the country's largest financial institution, controlling some 50 per cent of the market. BBH developed local and international interests in facilities services, finance and telecommunications. Belize Bank itself formerly held a majority stake in Belize Telemedia Limited (BTL), until it was nationalised by the Government of Belize.[21]

In 2005, under pressure from the Belize Government to bring transparency to its Belize based financial interests, BBH restructured, demerging its interests in England and Ireland into a separate company, Carlisle Group Ltd. BBH then renamed itself BCB Holdings.[citation needed]

Other business activities edit

Ashcroft also has significant interests in the following companies quoted on the Alternative Investment Market: Restore plc, WeAre20:20[22][23][24] and Impellam Group.[25]

Having attempted a takeover Corporate Services Group in 1999, in June 2006 he increased his stake to 28.5%, prompting speculation that he might make an offer for the remaining shares in the company. In May 2008 the merger of Carlisle Group and Corporate Services Group to form Impellam Group was announced.[26] Listed on the Alternative Investment Market, the combined group places in excess of 40,000 people into work each week.[citation needed]

In September 2007, Ashcroft agreed to the sale of AIM listed cleaning services supplier OneSource. Based mainly in the United States, it was the old North American cleaning business of ISS that Ashcroft had sold to them when refocusing Hawley in 1987. Bought in 1997 for $1, he agreed the sale of the company at a value of £179m.[27]

In March 2006, he became the major shareholder in English professional football club Watford, owning up to 42% of the club's shares.[28] In September 2006, he accepted a bid for British Car Auctions (BCA) worth £450m, netting him a personal gain of £200m.[citation needed]

Ashcroft has a 72.3 per cent stake in English sparkling wine producer Gusbourne, which he acquired in 2013 for £7 million.[29]

Personal life edit

 
VP-BZE, Ashcroft's private jet, at Birmingham Airport in 2014

In April 1972, Ashcroft married Wendy Mahoney.[1] They had two sons and one daughter; the marriage was dissolved in 1984.[1] His second marriage in 1986 was to Susan Anstey.[30] The couple have homes in London, Maidenhead in Berkshire, and Belize.[citation needed]

Ashcroft owns a Dassault Falcon 7X, registration VP-BZE, via his Bermudian registered company, Flying Lion.[31] On 27 December 2017, while parked at the Malta International Airport, the plane careened off the apron, smashed into a fence and a road before crashing into an office building. The incident is believed to have occurred after the plane's wheel chocks were blown away due to strong winds. No injuries were reported but the plane suffered extensive damage.[32][33]

He owns two 150-foot (46 m) yachts, both registered in Belize:

Politics edit

Conservative Party edit

In the UK, he was a major donor to and Treasurer of the Conservative Party from 1998 to 2001, under William Hague. His tenure was marked by a number of controversies: he was seen to pay little UK income tax because of his domicile in Belize, and he was at the centre of a debate about openness and accountability of political funding. Unsubstantiated speculation about his business affairs was concluded when he pursued a libel action against The Times. This was settled on 9 December 1999, when The Times issued a front-page statement saying "The Times is pleased to confirm that it has no evidence that Mr Ashcroft or any of his companies have ever been suspected of money-laundering or drug-related crimes... Litigation between the parties has been settled to mutual satisfaction, with each side bearing its own costs."[36][37]

In 2004, he clashed with Conservative leader Michael Howard when he offered a £2m donation on the condition that it should go to his specified candidates rather than into general Conservative Central Office funds. Ashcroft stated in 2005: "I much prefer to be involved, to make sure that my investment is wisely placed."[38]

In December 2005, he was appointed Deputy chairman of the Conservative Party.[39] During the "Cash for Peerages" controversy, on 31 March 2006 Ashcroft was named by the Conservative Party as having lent it £3.6m.[40]

Significant donations made to the Conservative Party by Bearwood Corporate Services, a company controlled by Ashcroft, have also come under scrutiny. The trading status of the company, and thus the validity of donations totalling £5.1m between 2003 and 2008, is unclear and became the subject of an investigation by the Electoral Commission begun in October 2008. Both Labour MPs and the Prime Minister had called for the process to be concluded in time for the next general election, due by mid-2010. Liberal Democrat Lord Oakeshott stated: "Democracy is in danger if Lord Ashcroft has been pouring millions into Conservative campaigns through an offshore pipeline from a Caribbean tax haven."[38][41][42] However, in March 2010 sources from the Electoral Commission described the donations as being "legal and permissible".[43]

On 1 March 2010, Ashcroft said that he was not domiciled in the UK for tax purposes. On 4 March 2010 the House of Commons Public Administration select committee decided to hold a "special one-off inquiry" into Ashcroft's peerage and his tax affairs. The committee's three Conservative MPs are said to have refused to take part in the inquiry.[44]

In September 2010, Ashcroft announced he would be stepping down as Deputy Chairman of the Conservative Party. His resignation came as he published Minority Verdict, his critical analysis of why the Conservative Party failed to gain an overall majority in the general election; leading to the Conservatives forming the Coalition government with the Liberal Democrats. He was replaced by the Conservative MP, former government minister and the current Treasury Select Committee member, Michael Fallon.[45]

In 2012, The Daily Telegraph credited Ashcroft, owner of both the ConservativeHome and PoliticsHome website with "stopping the Coalition working", by moving policy on Europe, welfare, education and taxation to the right.[46] Prior to the 2010 election, Cameron gave Ashcroft a large office and a significant role in the election campaign but he received no reward in the form of ministerial job.[46] Although claiming not to exercise editorial control, Ashcroft, a "brutal critic of the Coalition from the start" has established "megaphone presence" in the online media and the Lib Dems are described as blocking economic and welfare system reforms.[46] The parties have separate and contradictory agendas and—as exemplified by Michael Gove's education reforms intended for Tory ears only'-do not even consult each other.[46] Cameron's philosophy of liberal conservatism has been destroyed by "coordinated attacks on the Coalition."[46] Although voters may have liked Coalition government, "the two parties are no longer trying to pretend that they are governing together" and Cameron seems unwilling to celebrate midterm successes.[46] "Ashcroft, who has been against it all along, looks like getting his way."[46]

Ashcroft became the largest donor to the Conservative's candidate for the 2021 London mayoral election. Of the £255,000 raised by the candidate, Shaun Bailey, Ashcroft donated £100,000.[47]

In 2022, he published a book about the wife of the then Prime Minister Boris Johnson, Carrie Symonds, to whom he attributed a negative influence on her husband.[48]

Peerage edit

On 31 March 2000, Ashcroft was appointed as a life peer,[49] and the title Baron Ashcroft, of Chichester in the County of West Sussex was gazetted on 20 October 2000, the last creation of the millennium.[50] He was nominated by Conservative party leader William Hague on the condition that he became a UK resident, although at the beginning of 2010 he announced his "non-domiciled" tax status.[7] Ashcroft had announced that he intended to take the title "Baron Ashcroft of Belize", a suggestion that infuriated his political opponents. He later said this had been a joke, and his title was created as simply "Baron Ashcroft".[6][42]

On 31 March 2015, the day after the prorogation of Parliament ahead of the 2015 general election, he announced his resignation from the House of Lords with immediate effect, stating he would continue in politics.[51][52][53]

Belize edit

Ashcroft allegedly gave the People's United Party in Belize $1m when it was in opposition.[10] During its period in power, it introduced laws that are claimed by opponents and media commentators to be financially advantageous to Ashcroft.[10]

Australia edit

Ashcroft has become a significant figure in Australian politics having been identified as the single largest individual donor to any Australian political party during the 2004–05 financial year. The Australian Electoral Commission reported in February 2006 that Ashcroft (who gave his address as "House of Lords, Westminster, London") had donated $1 million to the Liberal Party in September 2004, shortly before the 2004 federal election. It was, at the time, the biggest single private donation in Australian political history.[54] He also made donations of $250,000 to the party on 28 July 2010[55] and in September 2013.[56]

UK electoral polling edit

Developing from work he did for the Conservative Party in his Deputy chairman role, since 2010.[57] Lord Ashcroft has been a major independent public pollster of British political opinion. This has included polling at constituency level, which is rare in British psephology.[58][59] Lord Ashcroft Polls' results are freely available online[60] and are frequently discussed in various media outlets.[61]

Charity and philanthropy edit

In 2013, Ashcroft stated that he has given tens of millions of pounds to good causes over the years.[62] In May 2013, he pledged to donate more than half of his money to good causes, and became a signatory of The Giving Pledge.[62][63]

Anti-crime supporter edit

Lord Ashcroft is the founder and chairman of Crimestoppers.[64]

On 12 October 2009, Lord Ashcroft pledged NZ$50,000 for the safe return of two-year-old toddler Aisling Symes. Aisling had gone missing a week earlier in West Auckland, New Zealand.[65]

In 2022, Ashcroft issued a £100,000 reward in the search for the gunman who killed Olivia Pratt-Korbel in Liverpool.[66]

Education edit

 
Anglia Ruskin University's Lord Ashcroft Building, opened in 2003 in Chelmsford by HRH Prince Edward, Earl of Wessex. It houses the Faculty of Business and Law.

Ashcroft was the Chancellor of Anglia Ruskin University from November 2001 to January 2021.[67][68] He donated £5 million in 1999 for the university's business school at Chelmsford, formerly called Lord Ashcroft International Business School, and another £5 million gift in 2009 to create a new business school building in Cambridge.[69] Lord Ashcroft Building in Chelmsford was inaugurated in 2003 and Lord Ashcroft Building in Cambridge was opened in 2011.[70][71] Both business school buildings carry his name. However, the business school was renamed to Faculty of Business and Law at Anglia Ruskin University.[72]

He is the sponsor of Ashcroft Technology Academy in Wandsworth, a state secondary school within the English academy programme.[73]

He became the main backer, along with Stephan Shakespeare (CEO and co-Founder of YouGov) of Flooved, an education technology startup.[74]

He has provided a copy of Britain's Treasure Islands to every secondary school in the UK and its overseas territories.[75]

Ashcroft is also an Ambassador for the education and veterans charity SkillForce which, under Chief Executive, Ben Slade, devised and developed the Prince William Award – the only award of its kind in William's name.[citation needed]

Environmentalist edit

Ashcroft is a whale spotter, through which interest he has financially supported various environmental groups and campaigns. He financially supported the Environmental Investigation Agency, who persuaded him to back a television campaign in six Caribbean countries, aimed at coaxing them to withdraw their support for whaling. The countries had received $16 million (£8 million) a year in fisheries aid from Japan. The campaign coincided with the 2006 International Whaling Commission conference in St Kitts.[76]

Military edit

Ashcroft has also supported military causes; in September 2011 he hosted a reception at the House of Lords for the launch of the Felix Fund, the charity for bomb disposal experts and their families.[77][78]

Ashcroft pledged to donate all of the author's royalties from his book Special Forces Heroes to the Help for Heroes charity,[79] and from his book, George Cross Heroes to the Victoria Cross and George Cross Association.[citation needed]

He donated £1 million of the £7 million cost of the Bomber Command Memorial in London's Green Park, and his contribution is recognised on each side of the memorial.[citation needed]

Victoria Crosses edit

Ashcroft collects Victoria Crosses which are awarded for valour and devotion to duty to members of various armed forces.[80] His collection is by far the largest in the world[81] spanning 128 years from acts of valour at the start of the Crimean War in 1854 to an act of courage during the Falklands War in 1982. He wrote Victoria Cross Heroes to mark the 150th anniversary of the Victoria Cross.[82]

Following the theft of a number of Victoria Crosses awarded to New Zealand servicemen from the Army Museum at Waiouru in late 2007, Ashcroft pledged NZ$200,000 for their return. Those stolen included the VC & Bar of Charles Upham. The medals were recovered three months later and at a presentation in Wellington on 15 April 2008 he pledged a further NZ$200,000 for information leading to the conviction of those responsible for the thefts.[citation needed]

In July 2008, Ashcroft announced a donation of £5 million for a permanent gallery at the Imperial War Museum, where the fifty Victoria Crosses held by the museum are now on display alongside his own collection of more than 200 VCs (and a smaller collection of George Crosses).[83][84]

Controversy edit

Tax status edit

Ashcroft has been described as a "tax exile",[5] and for a number of years lived in the UK enjoying the controversial non-domiciled tax status. At the time of his ennoblement the Cabinet Office said that Ashcroft would be taking up permanent residence in the UK for tax purposes,[5] an undertaking described in the newspapers as a "pledge"[6] and a "gentleman's agreement",[5] but he did not in fact claim to do so until a decade later,[7][8] when a change in the law would have required him to quit the Lords, had he not done so.[8] Then in 2017 it was revealed following the Paradise Papers leak of offshore investment documents that Lord Ashcroft remained a domicile of Belize despite having claimed to have given up his non-dom tax status in 2010.[85]

U.S. DEA leak edit

In 1999, Ashcroft was first nominated by Conservative Party leader and friend William Hague for the Lords. During their investigation, the House of Lords Appointments Commission was fed via the media with certain information, which originated from Jonathan Randel, an intelligence research specialist for the United States Drug Enforcement Administration.[citation needed]

Randel leaked Ashcroft's name as being in the DEA's files, although it later emerged that Ashcroft was one of five million people they routinely had files on. Randel claimed that the DEA was ignoring Ashcroft in its investigation of money laundering, allegations which The Times newspaper later printed on its front page. However, later investigation by various British media sources from information released under the US Freedom of Information Act showed that at no point did the DEA personally investigate Ashcroft.[86]

After his second successful nomination to the Lords and his ascent to the house, Ashcroft sued The Times in the High Court. The two parties eventually reached an out of court agreement which resulted in Rupert Murdoch agreeing to The Times printing a full front page retraction of its allegations.[87] Ashcroft later recounted his own side of the story in his book, Dirty Politics, Dirty Times.[12]

Business style edit

In 2003, Ashcroft was criticised by the High Court judge, Mr Justice Peter Smith in Rock (Nominees) Ltd v RCO (Holdings) Plc.[88] Smith condemned Ashcroft's tactics in relation to the takeover of cleaning company RCO by the Danish firm ISS. Smith said,

Euphemistically this practice – which I understand is a not unheard-of practice in the City – is described as "greenmail". The proper word to my mind is blackmail. It is the kind of thing which brings the City into disrepute ... Where matters are dealt with in speculation and profits are made, which are then gathered offshore, when there is no merit and no exposure to the kind of risks associated with companies, that to my mind is not legitimate.

— Justice Peter Smith[89]

Smith went on to say that Ashcroft "was not content with a small £250,000 profit earned in a matter of weeks. He now seeks to extract millions."[89] Ashcroft responded by telling journalists that "being accused of blackmail by a man who states that speculation has no part to play in the City is rather like finding that you are sharing a railway carriage with a drunk. It's best not to take too much notice."[89]

In 2008, The Economist ran an article on the web of loans and court cases surrounding Belize Bank (owned by Ashcroft), a private hospital company called Universal Health Services and the government of Belize. It was alleged that Belize Bank had wrongly appropriated monies sent from the government of Venezuela for housing purposes to settle debts relating to loans to UHS and illegally guaranteed in secret by the Belizean premier.[90]

The Guardian said that sources claimed the bills were paid by a company owned by Ashcroft in Belize, meaning that he did not pay VAT. The newspaper estimated that the total VAT bill could have totalled more than £40,000; however, paying the bill in this way removed the legal obligation to pay VAT.[91]

In 2012, BBC's Panorama programme alleged that Lord Ashcroft continued to control the Caribbean construction company Johnston International after its sale in 1999 until it went bankrupt in 2010, and that he concealed his continuing control. Ashcroft denied he owned Johnston after 1999, though he avoided answering questions about whether he continued to "control" it.[92]

Call Me Dave edit

Ashcroft's book Call Me Dave: The unauthorised biography of David Cameron, published on 5 October 2015, has been criticised[by whom?] for containing content which lacks evidence.[93] In addition to this, some commentators[who?] believe Ashcroft published the book to tarnish David Cameron's reputation.[94] The book triggered the "Piggate" scandal with an allegation that a photograph exists which shows Cameron putting "a private part of his anatomy" into the mouth of a dead pig's severed head, which was positioned in the lap of another man.

Honours edit

In the 2000 Birthday Honours, on the advice of the Belizean government, he was appointed Knight Commander of the Order of St Michael and St George (KCMG) "for public service to the community and country" of Belize.[95]

In 1999, he was given the honorary degree of Doctor of the University by Anglia Ruskin University; he would be named chancellor of the university in 2001.[96] He was chancellor for 20 years until 2021 and made significant contributions to the university.

He was sworn in as a member of the Privy Council of the United Kingdom in 2012, entitling him to use the post-nominal letters "PC" for life. In December, he was appointed Knight Grand Cross of the Order of the Holy Trinity by the Crown Council of Ethiopia.[97]

Books edit

  • Dirty politics Dirty times: My fight with Wapping and New Labour, 2005, Biteback, ISBN 9781849540094
  • Smell the Coffee: A Wakeup Call for the Conservative Party, 2005, Politico's, ISBN 9781904734109
  • Victoria Cross Heroes, 2007, Headline, ISBN 9780755316335. Foreword by the Prince of Wales.
  • Special Forces Heroes: Extraordinary True Stories of Daring and Valour, 2009, Headline, ISBN 9780755318087
  • Minority Verdict: The Conservative Party, the voters and the 2010 election, 2010, Biteback, ISBN 9781849540827
  • George Cross Heroes, 2010, Headline, ISBN 9780755360840
  • It's Not You, It's Them: Research to remind politicians what matters, 2012, Biteback, ISBN 9781849544214
  • Degrees of Separation: Ethnic minority voters and the Conservative Party, 2012, Biteback, ISBN 9781849544184
  • The Armed Forces & Society: The military in Britain through the eyes of Service personnel, employers and the public, 2013, Biteback, ISBN 9781849544252
  • Heroes of the Skies, 2013, Headline, ISBN 9780755363902
  • Special Ops Heroes, 2014, Headline, ISBN 9781472223968
  • Pay Me Forty Quid and I'll Tell You: The 2015 election campaign through the eyes of the voters, with Kevin Culwick, 2015, Biteback, ISBN 9781849549776
  • Call Me Dave: The unauthorised biography of David Cameron, with Isabel Oakeshott, 2015, Biteback, (ISBN 9781849549141)
  • Well, You Did Ask...: Why the UK voted to leave the EU, with Kevin Culwick, 2016, Biteback, ISBN 9781785901683
  • Victoria Cross Heroes Volume II, 2016, Biteback, ISBN 9781785900976
  • Jacob's Ladder: The Unauthorised Biography of Jacob Rees-Mogg, 2019, Biteback, ISBN 9781785904875
  • Going for Broke: The Rise of Rishi Sunak, 2020, Biteback, ISBN 9781785906374
  • First Lady: Intrigue at the Court of Carrie and Boris Johnson, 2022, Biteback, (ISBN 978-1785907500)

Arms edit

Coat of arms of Michael Ashcroft
 
 
Coronet
A Coronet of a Baron
Crest
A Baird's Tapir statant Sable gorged with a plain collar attached thereto a line reflexed over the back and ringed Or.
Escutcheon
Or gutté Sable two barrulets dancetty acute each interlaced with a bar Gules.
Supporters
On either side a Keel-Billed Toucan Proper.
Motto
Sleep wid you own eye[98]

References edit

  1. ^ a b c d e "Ashcroft, Baron, (Michael Anthony Ashcroft) (born 4 March 1946)". Who's Who. 2007. doi:10.1093/ww/9780199540884.013.u5821. ISBN 978-0-19-954088-4. Retrieved 3 June 2021. {{cite book}}: |website= ignored (help)
  2. ^ "Ashcroft: The Tories' troublesome tycoon". BBC News. 31 March 2000. Retrieved 5 January 2016.
  3. ^ . www.bankofengland.co.uk. Archived from the original on 6 October 2014. Retrieved 5 January 2016.
  4. ^ "The Sunday Times Rich List 2021". Sunday Times Rich List. Retrieved 7 June 2021.
  5. ^ a b c d White, Michael (27 August 2002). "Ashcroft tax inquiry runs into buffers". The Guardian. London. Retrieved 9 April 2015.
  6. ^ a b c "Ashcroft inquiry called off". BBC News. 27 August 2002. Retrieved 9 April 2015.
  7. ^ a b c "Lord Ashcroft admits 'non-dom' status". BBC News. 1 March 2010. Retrieved 1 March 2010.
  8. ^ a b c "Tory donor Lord Ashcroft gives up non-dom tax status". BBC News. 7 July 2010. Retrieved 9 April 2015. Lord Ashcroft has given up his non-dom tax status to stay in the Lords, it has been confirmed.
  9. ^ Hasell, Nick (23 April 2007). "The unexpected face of fight to save the whales". The Times. London. Retrieved 15 May 2020.
  10. ^ a b c d "How he made his pile: Lord Ashcroft, businessman/politician". Management Today. 1 October 2009. Retrieved 18 November 2017.
  11. ^ Fran Abrams. "Ashcroft to give £5m to his old college[dead link]". The Independent. 25 May 2000. Retrieved 20 July 2011.
  12. ^ a b c Michael Ashcroft (8 July 2009). Dirty Politics Dirty Times (PDF). Biteback. ISBN 978-1-84954-009-4.
  13. ^ "Ashcroft: The Tories' troublesome tycoon". BBC News. 31 March 2000. Retrieved 12 April 2008.
  14. ^ a b Andy McSmith and Ben Laurance (16 January 2000). "Ashcroft's Lotus position". The Observer. London. Retrieved 14 July 2012.
  15. ^ "NHL shareholders not told of executive's role". The Independent. London. 19 October 1992. Archived from the original on 12 May 2022. Retrieved 14 July 2012.
  16. ^ . Sky News. 20 September 2006. Archived from the original on 16 January 2014. Retrieved 14 July 2012.
  17. ^ Andrew Clark and Robert Shrimsley (14 July 1999). . The Daily Telegraph. London. Archived from the original on 29 March 2002. Retrieved 12 April 2008.
  18. ^ "Exclusive: The peer who bankrolls the Tories is 'the boss' of a poor tax haven". Daily Mirror. London. 27 September 2008. Retrieved 18 December 2009.
  19. ^ Doward, Jamie (1 November 2009). "'Lord Ashcroft of Belize' facing eviction as country turns on him". The Guardian. London. Retrieved 28 December 2009.
  20. ^ Merrick, Jane (29 November 2009). "Belize PM warns Cameron about role for Ashcroft". The Independent. London. Archived from the original on 12 May 2022. Retrieved 17 September 2010.
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  22. ^ . Archived from the original on 26 May 2011.
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External links edit

  • Official website
  • Conservative Home, owner
  • Lord Ashcroft Foundation
  • Profile at the Parliament of the United Kingdom
  • Contributions in Parliament at Hansard 1803–2005
  • Current session contributions in Parliament at Hansard
  • Voting record at PublicWhip.org
  • Record in Parliament at TheyWorkForYou.com
  • Profile at Westminster Parliamentary Record
  • Profile at BBC News Democracy Live
  • Articles authored at Journalisted
  • Register of Lords' interests
  • Lord Ashcroft collected news and commentary at The Guardian  
  • Crimestoppers, founder
  • The Times libel statement, 5 June 2003
  • , March 2010
  • Victoria Cross Heroes
  • Special Forces Heroes
  • George Cross Heroes

michael, ashcroft, this, article, about, businessman, politician, second, world, cryptanalyst, michael, arbuthnot, ashcroft, olympic, sport, shooter, sport, shooter, michael, anthony, ashcroft, baron, ashcroft, kcmg, born, march, 1946, british, belizean, busin. This article is about the businessman and politician For the Second World War cryptanalyst see Michael Arbuthnot Ashcroft For the Olympic sport shooter see Michael Ashcroft sport shooter Michael Anthony Ashcroft Baron Ashcroft KCMG PC born 4 March 1946 1 is a British Belizean businessman pollster and politician He is a former deputy chairman of the Conservative Party Ashcroft founded Michael A Ashcroft Associates in 1972 2 3 and was the 132nd richest person in the UK as ranked by the Sunday Times Rich List 2021 with an estimated fortune of 1 257 billion 4 The Right HonourableThe Lord AshcroftKCMG PCAshcroft in 2015BornMichael Anthony Ashcroft 1946 03 04 4 March 1946 age 77 Chichester West Sussex EnglandCitizenshipBritish Belizean Turks and Caicos IslandsEducationNorwich School Royal Grammar School High WycombeAlma materAnglia Ruskin UniversityOccupation s Businessman politicianKnown forHawley Goodall ADT British Car Auctions FloovedPolitical partyConservativeSpousesWendy Burrell m 1972 div 1984 wbr Susan Anstey m 1986 wbr Children3He was created a life peer in 2000 and sat on the Conservative benches of the House of Lords until resigning in 2015 The Cabinet Office stated that he would take up permanent residence in the UK for tax purposes 5 6 but it was reported a decade later that he had not done so 7 8 Ashcroft holds dual British and Belizean nationality and is a belonger of the Turks and Caicos Islands Contents 1 Early life and education 2 Business career 2 1 Acquisitions and divestments 2 2 Belize and cross holdings 2 3 Other business activities 3 Personal life 4 Politics 4 1 Conservative Party 4 1 1 Peerage 4 2 Belize 4 3 Australia 4 4 UK electoral polling 5 Charity and philanthropy 5 1 Anti crime supporter 5 2 Education 5 3 Environmentalist 5 4 Military 6 Victoria Crosses 7 Controversy 7 1 Tax status 7 2 U S DEA leak 7 3 Business style 7 4 Call Me Dave 8 Honours 9 Books 10 Arms 11 References 12 External linksEarly life and education edit nbsp Ashcroft s bust In the lobby of the Lord Ashcroft Building at the business school of Anglia Ruskin University in Cambridge from where he earned a Higher National Diploma in business studies Michael Anthony Ashcroft 9 was born in Chichester West Sussex 10 His father Eric was a British colonial civil servant Ashcroft spent some of his early years in British Honduras now Belize and Malawi citation needed He was educated at Norwich School Royal Grammar School High Wycombe and Mid Essex Technical College now Anglia Ruskin University where he obtained a Higher National Diploma in Business studies 11 1 Business career editAfter a period in Belize after completing his education Ashcroft returned to hitch hike around Europe and then for a short period of time became the manager of a rock and roll band In 1967 Ashcroft joined Carreras Tobacco as a management trainee 12 He left Carreras in 1969 joining Pritchard Services Group a cleaning and business services company after several months unemployed 12 In 1972 at the age of 26 he started his own business Michael A Ashcroft Associates which he used to launch several profitable acquisitions Acquisitions and divestments edit See also ADT Security Services Ashcroft s first acquisition was Uni Kleen a loss making cleaning company with 1 000 employees which he purchased for just 1 in 1974 with a 15 000 bank loan equivalent to 200 000 in 2021 He worked to turn the company around selling it just three years later for 1 3 million 10 13 On exiting Uni Kleen in 1977 his next purchase was Hawley Goodall another poorly performing company this time in camping equipment manufacture Ashcroft used Hawley to make a series of acquisitions transforming the company into a business services group ranging from janitorial services for hospitals and offices to car auction services and later with a focus on the security services industry Through the sale of the car auctions division to the fast expanding British Car Auctions BCA he formed a lifelong friendship with David Wickins whom he would later help take a majority stake in Lotus Cars as well as provide finance for other joint ventures 14 By 1981 Hawley had made its first acquisitions in the United States and its total revenues had grown to 27 million citation needed By early 1983 Hawley had built up a 20 stake in pharmaceutical packaging manufacturer Cope Allman Ashcroft offered to increase his stake to 29 9 just below the 30 level at which a formal bid for the entire company must be launched Ashcroft and Cope Allman fought bitterly over the purchase share price and current holdings with Cope Allman reporting Ashcroft and Wickins to the Takeover panel after discovering that BCA had built up a 13 5 in the company But the takeover panel found that Ashcroft and Wickins were operating independently so Hawley was able to increase its holding to 29 9 At this point the combined holdings of Hawley and BCA in Cope Allman amounted to 43 5 giving them the power to introduce sweeping changes without launching a full bid 14 Cope Allman was eventually sold to an MBO backed by Hawley and financed by Bain Capital and then sold to Bowater in 1992 in a complex swap of assets with ADT Hawley 15 In 1985 Ashcroft and Wickins bought car sales dealership Henlys Group via a Canadian registered company Mipec Controlled by Ashcroft s Hawley Goodall Henlys was merged with the already owned funeral hearse maker Coleman Milne to form a motoring division In 1989 Hawley Goodall sold its motoring division consisting of Henlys and Coleman Milne to the Plaxton Group the bus and coach manufacturer based in Scarborough North Yorkshire citation needed In 1986 Hawley bought out Ashcroft s former employer Pritchard Services leaping to second place in the U S services industry At this time Hawley had revenues of more than 1 3 billion citation needed 1987 was a key year for Hawley In the early part of the year it bought Crime Control Inc based in Indianapolis for 50 million placing the company in fourth place in the U S security market Later in the year it bought ADT Security Services the largest electronic security company in the United States This purchase transformed Hawley into the leading security services business in the United States and resulted in the majority of its revenues coming from the North American market As a result of the acquisition Bermuda registered Hawley changed its name to ADT Inc and decided to refocus its business around security services At the end of 1987 the company sold its North American based facility services business to Denmark s ISS A S citation needed In 1987 Ashcroft bought out the existing shareholders of Wickins BCA via Hawley Goodall Based at Blackbushe Airport to allow Wickins access to his treasured aviation division which flew both Jet Ranger helicopters and Beechcraft King Air turbo prop aircraft Ashcroft who has a disliking for such flippant expenditure citation needed immediately sold off the aircraft Wickins joined the board of Hawley Goodall remaining there until the Tyco takeover He retired from BCA in 1990 In 1995 to allow for the Tyco transaction the group decided to divest itself of BCA The residual North American arm was sold to trade buyers while the European arm was sold to a consortium of some 40 private investors including Ashcroft via his Belize based investment company In September 2006 BCA was bought by the UK based investment banking arm of private bank Samuel Montagu amp Co a division of HSBC personally netting Ashcroft over 200 million 16 In 1997 ADT was sold by a reverse takeover to US conglomerate Tyco International for 6 7 billion allowing Tyco to become tax efficient 17 Ashcroft disposed of large amounts of the Tyco stock which he had acquired as a result of the sale of ADT stating that he needed the capital to diversify into other things and that he never retained a substantial stake in any enterprise which he did not control Ashcroft nevertheless continued as a non executive director of Tyco a role he still held in 2002 when Tyco CEO Dennis Kozlowski was arrested in New York in connection with personal tax offences Unease had already been expressed at Tyco at some of Kozlowski s corporate decisions and Ashcroft was amongst the directors who appointed lawyer David Boies to investigate irregularities in the company citation needed In time the exposure of management deficiencies led to Ashcroft demanding that the whole of the board of directors of Tyco should resign to be replaced by new management citation needed Belize and cross holdings edit Ashcroft has close business and other connections with the Commonwealth country of Belize and served as the country s ambassador to the United Nations between 1998 and 2000 1 In his 2005 biography he admitted that it is a country where his interests have been exempt from certain taxes for 30 years 18 In 2009 the Prime Minister of Belize Dean Barrow told its parliament 19 Ashcroft is an extremely powerful man His net worth may well be equal to Belize s entire GDP He is nobody to cross Barrow also warned David Cameron that relations with the United Kingdom would be damaged if Ashcroft were given a senior position in government 20 In 1981 Belize had gained independence from the UK Seeing the opportunity to build an off shore operations base and control the country s financial service in 1984 Ashcroft formed Belize Holdings BHI which became the vehicle for a parallel acquisition spree during the 1980s beyond the scope of Hawley citation needed By the late 1980s BHI had become one of the largest holding companies in Belize with direct interests in or holdings via main operating company Stargate Ltd ranging from telecommunications property the Belize shipping register and citrus fruits citation needed In 1987 BHI led the formation of Belize Bank Holdings BBH which took control of Belize Bank from the Royal Bank of Canada Belize Bank has become the country s largest financial institution controlling some 50 per cent of the market BBH developed local and international interests in facilities services finance and telecommunications Belize Bank itself formerly held a majority stake in Belize Telemedia Limited BTL until it was nationalised by the Government of Belize 21 In 2005 under pressure from the Belize Government to bring transparency to its Belize based financial interests BBH restructured demerging its interests in England and Ireland into a separate company Carlisle Group Ltd BBH then renamed itself BCB Holdings citation needed Other business activities edit Ashcroft also has significant interests in the following companies quoted on the Alternative Investment Market Restore plc WeAre20 20 22 23 24 and Impellam Group 25 Having attempted a takeover Corporate Services Group in 1999 in June 2006 he increased his stake to 28 5 prompting speculation that he might make an offer for the remaining shares in the company In May 2008 the merger of Carlisle Group and Corporate Services Group to form Impellam Group was announced 26 Listed on the Alternative Investment Market the combined group places in excess of 40 000 people into work each week citation needed In September 2007 Ashcroft agreed to the sale of AIM listed cleaning services supplier OneSource Based mainly in the United States it was the old North American cleaning business of ISS that Ashcroft had sold to them when refocusing Hawley in 1987 Bought in 1997 for 1 he agreed the sale of the company at a value of 179m 27 In March 2006 he became the major shareholder in English professional football club Watford owning up to 42 of the club s shares 28 In September 2006 he accepted a bid for British Car Auctions BCA worth 450m netting him a personal gain of 200m citation needed Ashcroft has a 72 3 per cent stake in English sparkling wine producer Gusbourne which he acquired in 2013 for 7 million 29 Personal life edit nbsp VP BZE Ashcroft s private jet at Birmingham Airport in 2014In April 1972 Ashcroft married Wendy Mahoney 1 They had two sons and one daughter the marriage was dissolved in 1984 1 His second marriage in 1986 was to Susan Anstey 30 The couple have homes in London Maidenhead in Berkshire and Belize citation needed Ashcroft owns a Dassault Falcon 7X registration VP BZE via his Bermudian registered company Flying Lion 31 On 27 December 2017 while parked at the Malta International Airport the plane careened off the apron smashed into a fence and a road before crashing into an office building The incident is believed to have occurred after the plane s wheel chocks were blown away due to strong winds No injuries were reported but the plane suffered extensive damage 32 33 He owns two 150 foot 46 m yachts both registered in Belize Lady M built in the Netherlands Atlantic Goose built originally for Sir Donald Gosling as Brave Goose in 1987 by Tough Brothers of Teddington on the River Thames 34 On 30 January 1987 Brave Goose became wedged under the central arch of Richmond Bridge London eventually being freed at low tide the next day 35 Politics editConservative Party edit In the UK he was a major donor to and Treasurer of the Conservative Party from 1998 to 2001 under William Hague His tenure was marked by a number of controversies he was seen to pay little UK income tax because of his domicile in Belize and he was at the centre of a debate about openness and accountability of political funding Unsubstantiated speculation about his business affairs was concluded when he pursued a libel action against The Times This was settled on 9 December 1999 when The Times issued a front page statement saying The Times is pleased to confirm that it has no evidence that Mr Ashcroft or any of his companies have ever been suspected of money laundering or drug related crimes Litigation between the parties has been settled to mutual satisfaction with each side bearing its own costs 36 37 In 2004 he clashed with Conservative leader Michael Howard when he offered a 2m donation on the condition that it should go to his specified candidates rather than into general Conservative Central Office funds Ashcroft stated in 2005 I much prefer to be involved to make sure that my investment is wisely placed 38 In December 2005 he was appointed Deputy chairman of the Conservative Party 39 During the Cash for Peerages controversy on 31 March 2006 Ashcroft was named by the Conservative Party as having lent it 3 6m 40 Significant donations made to the Conservative Party by Bearwood Corporate Services a company controlled by Ashcroft have also come under scrutiny The trading status of the company and thus the validity of donations totalling 5 1m between 2003 and 2008 is unclear and became the subject of an investigation by the Electoral Commission begun in October 2008 Both Labour MPs and the Prime Minister had called for the process to be concluded in time for the next general election due by mid 2010 Liberal Democrat Lord Oakeshott stated Democracy is in danger if Lord Ashcroft has been pouring millions into Conservative campaigns through an offshore pipeline from a Caribbean tax haven 38 41 42 However in March 2010 sources from the Electoral Commission described the donations as being legal and permissible 43 On 1 March 2010 Ashcroft said that he was not domiciled in the UK for tax purposes On 4 March 2010 the House of Commons Public Administration select committee decided to hold a special one off inquiry into Ashcroft s peerage and his tax affairs The committee s three Conservative MPs are said to have refused to take part in the inquiry 44 In September 2010 Ashcroft announced he would be stepping down as Deputy Chairman of the Conservative Party His resignation came as he published Minority Verdict his critical analysis of why the Conservative Party failed to gain an overall majority in the general election leading to the Conservatives forming the Coalition government with the Liberal Democrats He was replaced by the Conservative MP former government minister and the current Treasury Select Committee member Michael Fallon 45 In 2012 The Daily Telegraph credited Ashcroft owner of both the ConservativeHome and PoliticsHome website with stopping the Coalition working by moving policy on Europe welfare education and taxation to the right 46 Prior to the 2010 election Cameron gave Ashcroft a large office and a significant role in the election campaign but he received no reward in the form of ministerial job 46 Although claiming not to exercise editorial control Ashcroft a brutal critic of the Coalition from the start has established megaphone presence in the online media and the Lib Dems are described as blocking economic and welfare system reforms 46 The parties have separate and contradictory agendas and as exemplified by Michael Gove s education reforms intended for Tory ears only do not even consult each other 46 Cameron s philosophy of liberal conservatism has been destroyed by coordinated attacks on the Coalition 46 Although voters may have liked Coalition government the two parties are no longer trying to pretend that they are governing together and Cameron seems unwilling to celebrate midterm successes 46 Ashcroft who has been against it all along looks like getting his way 46 Ashcroft became the largest donor to the Conservative s candidate for the 2021 London mayoral election Of the 255 000 raised by the candidate Shaun Bailey Ashcroft donated 100 000 47 In 2022 he published a book about the wife of the then Prime Minister Boris Johnson Carrie Symonds to whom he attributed a negative influence on her husband 48 Peerage edit On 31 March 2000 Ashcroft was appointed as a life peer 49 and the title Baron Ashcroft of Chichester in the County of West Sussex was gazetted on 20 October 2000 the last creation of the millennium 50 He was nominated by Conservative party leader William Hague on the condition that he became a UK resident although at the beginning of 2010 he announced his non domiciled tax status 7 Ashcroft had announced that he intended to take the title Baron Ashcroft of Belize a suggestion that infuriated his political opponents He later said this had been a joke and his title was created as simply Baron Ashcroft 6 42 On 31 March 2015 the day after the prorogation of Parliament ahead of the 2015 general election he announced his resignation from the House of Lords with immediate effect stating he would continue in politics 51 52 53 Belize edit Ashcroft allegedly gave the People s United Party in Belize 1m when it was in opposition 10 During its period in power it introduced laws that are claimed by opponents and media commentators to be financially advantageous to Ashcroft 10 Australia edit Ashcroft has become a significant figure in Australian politics having been identified as the single largest individual donor to any Australian political party during the 2004 05 financial year The Australian Electoral Commission reported in February 2006 that Ashcroft who gave his address as House of Lords Westminster London had donated 1 million to the Liberal Party in September 2004 shortly before the 2004 federal election It was at the time the biggest single private donation in Australian political history 54 He also made donations of 250 000 to the party on 28 July 2010 55 and in September 2013 56 UK electoral polling edit Developing from work he did for the Conservative Party in his Deputy chairman role since 2010 57 Lord Ashcroft has been a major independent public pollster of British political opinion This has included polling at constituency level which is rare in British psephology 58 59 Lord Ashcroft Polls results are freely available online 60 and are frequently discussed in various media outlets 61 Charity and philanthropy editIn 2013 Ashcroft stated that he has given tens of millions of pounds to good causes over the years 62 In May 2013 he pledged to donate more than half of his money to good causes and became a signatory of The Giving Pledge 62 63 Anti crime supporter edit Lord Ashcroft is the founder and chairman of Crimestoppers 64 On 12 October 2009 Lord Ashcroft pledged NZ 50 000 for the safe return of two year old toddler Aisling Symes Aisling had gone missing a week earlier in West Auckland New Zealand 65 In 2022 Ashcroft issued a 100 000 reward in the search for the gunman who killed Olivia Pratt Korbel in Liverpool 66 Education edit nbsp Anglia Ruskin University s Lord Ashcroft Building opened in 2003 in Chelmsford by HRH Prince Edward Earl of Wessex It houses the Faculty of Business and Law Ashcroft was the Chancellor of Anglia Ruskin University from November 2001 to January 2021 67 68 He donated 5 million in 1999 for the university s business school at Chelmsford formerly called Lord Ashcroft International Business School and another 5 million gift in 2009 to create a new business school building in Cambridge 69 Lord Ashcroft Building in Chelmsford was inaugurated in 2003 and Lord Ashcroft Building in Cambridge was opened in 2011 70 71 Both business school buildings carry his name However the business school was renamed to Faculty of Business and Law at Anglia Ruskin University 72 He is the sponsor of Ashcroft Technology Academy in Wandsworth a state secondary school within the English academy programme 73 He became the main backer along with Stephan Shakespeare CEO and co Founder of YouGov of Flooved an education technology startup 74 He has provided a copy of Britain s Treasure Islands to every secondary school in the UK and its overseas territories 75 Ashcroft is also an Ambassador for the education and veterans charity SkillForce which under Chief Executive Ben Slade devised and developed the Prince William Award the only award of its kind in William s name citation needed Environmentalist edit Ashcroft is a whale spotter through which interest he has financially supported various environmental groups and campaigns He financially supported the Environmental Investigation Agency who persuaded him to back a television campaign in six Caribbean countries aimed at coaxing them to withdraw their support for whaling The countries had received 16 million 8 million a year in fisheries aid from Japan The campaign coincided with the 2006 International Whaling Commission conference in St Kitts 76 Military edit Ashcroft has also supported military causes in September 2011 he hosted a reception at the House of Lords for the launch of the Felix Fund the charity for bomb disposal experts and their families 77 78 Ashcroft pledged to donate all of the author s royalties from his book Special Forces Heroes to the Help for Heroes charity 79 and from his book George Cross Heroes to the Victoria Cross and George Cross Association citation needed He donated 1 million of the 7 million cost of the Bomber Command Memorial in London s Green Park and his contribution is recognised on each side of the memorial citation needed Victoria Crosses editAshcroft collects Victoria Crosses which are awarded for valour and devotion to duty to members of various armed forces 80 His collection is by far the largest in the world 81 spanning 128 years from acts of valour at the start of the Crimean War in 1854 to an act of courage during the Falklands War in 1982 He wrote Victoria Cross Heroes to mark the 150th anniversary of the Victoria Cross 82 Following the theft of a number of Victoria Crosses awarded to New Zealand servicemen from the Army Museum at Waiouru in late 2007 Ashcroft pledged NZ 200 000 for their return Those stolen included the VC amp Bar of Charles Upham The medals were recovered three months later and at a presentation in Wellington on 15 April 2008 he pledged a further NZ 200 000 for information leading to the conviction of those responsible for the thefts citation needed In July 2008 Ashcroft announced a donation of 5 million for a permanent gallery at the Imperial War Museum where the fifty Victoria Crosses held by the museum are now on display alongside his own collection of more than 200 VCs and a smaller collection of George Crosses 83 84 Controversy editThis article s criticism or controversy section may compromise the article s neutrality Please help rewrite or integrate negative information to other sections April 2020 Tax status edit Ashcroft has been described as a tax exile 5 and for a number of years lived in the UK enjoying the controversial non domiciled tax status At the time of his ennoblement the Cabinet Office said that Ashcroft would be taking up permanent residence in the UK for tax purposes 5 an undertaking described in the newspapers as a pledge 6 and a gentleman s agreement 5 but he did not in fact claim to do so until a decade later 7 8 when a change in the law would have required him to quit the Lords had he not done so 8 Then in 2017 it was revealed following the Paradise Papers leak of offshore investment documents that Lord Ashcroft remained a domicile of Belize despite having claimed to have given up his non dom tax status in 2010 85 U S DEA leak edit In 1999 Ashcroft was first nominated by Conservative Party leader and friend William Hague for the Lords During their investigation the House of Lords Appointments Commission was fed via the media with certain information which originated from Jonathan Randel an intelligence research specialist for the United States Drug Enforcement Administration citation needed Randel leaked Ashcroft s name as being in the DEA s files although it later emerged that Ashcroft was one of five million people they routinely had files on Randel claimed that the DEA was ignoring Ashcroft in its investigation of money laundering allegations which The Times newspaper later printed on its front page However later investigation by various British media sources from information released under the US Freedom of Information Act showed that at no point did the DEA personally investigate Ashcroft 86 After his second successful nomination to the Lords and his ascent to the house Ashcroft sued The Times in the High Court The two parties eventually reached an out of court agreement which resulted in Rupert Murdoch agreeing to The Times printing a full front page retraction of its allegations 87 Ashcroft later recounted his own side of the story in his book Dirty Politics Dirty Times 12 Business style edit In 2003 Ashcroft was criticised by the High Court judge Mr Justice Peter Smith in Rock Nominees Ltd v RCO Holdings Plc 88 Smith condemned Ashcroft s tactics in relation to the takeover of cleaning company RCO by the Danish firm ISS Smith said Euphemistically this practice which I understand is a not unheard of practice in the City is described as greenmail The proper word to my mind is blackmail It is the kind of thing which brings the City into disrepute Where matters are dealt with in speculation and profits are made which are then gathered offshore when there is no merit and no exposure to the kind of risks associated with companies that to my mind is not legitimate Justice Peter Smith 89 Smith went on to say that Ashcroft was not content with a small 250 000 profit earned in a matter of weeks He now seeks to extract millions 89 Ashcroft responded by telling journalists that being accused of blackmail by a man who states that speculation has no part to play in the City is rather like finding that you are sharing a railway carriage with a drunk It s best not to take too much notice 89 In 2008 The Economist ran an article on the web of loans and court cases surrounding Belize Bank owned by Ashcroft a private hospital company called Universal Health Services and the government of Belize It was alleged that Belize Bank had wrongly appropriated monies sent from the government of Venezuela for housing purposes to settle debts relating to loans to UHS and illegally guaranteed in secret by the Belizean premier 90 The Guardian said that sources claimed the bills were paid by a company owned by Ashcroft in Belize meaning that he did not pay VAT The newspaper estimated that the total VAT bill could have totalled more than 40 000 however paying the bill in this way removed the legal obligation to pay VAT 91 In 2012 BBC s Panorama programme alleged that Lord Ashcroft continued to control the Caribbean construction company Johnston International after its sale in 1999 until it went bankrupt in 2010 and that he concealed his continuing control Ashcroft denied he owned Johnston after 1999 though he avoided answering questions about whether he continued to control it 92 Call Me Dave edit Ashcroft s book Call Me Dave The unauthorised biography of David Cameron published on 5 October 2015 has been criticised by whom for containing content which lacks evidence 93 In addition to this some commentators who believe Ashcroft published the book to tarnish David Cameron s reputation 94 The book triggered the Piggate scandal with an allegation that a photograph exists which shows Cameron putting a private part of his anatomy into the mouth of a dead pig s severed head which was positioned in the lap of another man Honours editIn the 2000 Birthday Honours on the advice of the Belizean government he was appointed Knight Commander of the Order of St Michael and St George KCMG for public service to the community and country of Belize 95 In 1999 he was given the honorary degree of Doctor of the University by Anglia Ruskin University he would be named chancellor of the university in 2001 96 He was chancellor for 20 years until 2021 and made significant contributions to the university He was sworn in as a member of the Privy Council of the United Kingdom in 2012 entitling him to use the post nominal letters PC for life In December he was appointed Knight Grand Cross of the Order of the Holy Trinity by the Crown Council of Ethiopia 97 Books editDirty politics Dirty times My fight with Wapping and New Labour 2005 Biteback ISBN 9781849540094 Smell the Coffee A Wakeup Call for the Conservative Party 2005 Politico s ISBN 9781904734109 Victoria Cross Heroes 2007 Headline ISBN 9780755316335 Foreword by the Prince of Wales Special Forces Heroes Extraordinary True Stories of Daring and Valour 2009 Headline ISBN 9780755318087 Minority Verdict The Conservative Party the voters and the 2010 election 2010 Biteback ISBN 9781849540827 George Cross Heroes 2010 Headline ISBN 9780755360840 It s Not You It s Them Research to remind politicians what matters 2012 Biteback ISBN 9781849544214 Degrees of Separation Ethnic minority voters and the Conservative Party 2012 Biteback ISBN 9781849544184 The Armed Forces amp Society The military in Britain through the eyes of Service personnel employers and the public 2013 Biteback ISBN 9781849544252 Heroes of the Skies 2013 Headline ISBN 9780755363902 Special Ops Heroes 2014 Headline ISBN 9781472223968 Pay Me Forty Quid and I ll Tell You The 2015 election campaign through the eyes of the voters with Kevin Culwick 2015 Biteback ISBN 9781849549776 Call Me Dave The unauthorised biography of David Cameron with Isabel Oakeshott 2015 Biteback ISBN 9781849549141 Well You Did Ask Why the UK voted to leave the EU with Kevin Culwick 2016 Biteback ISBN 9781785901683 Victoria Cross Heroes Volume II 2016 Biteback ISBN 9781785900976 Jacob s Ladder The Unauthorised Biography of Jacob Rees Mogg 2019 Biteback ISBN 9781785904875 Going for Broke The Rise of Rishi Sunak 2020 Biteback ISBN 9781785906374 First Lady Intrigue at the Court of Carrie and Boris Johnson 2022 Biteback ISBN 978 1785907500 Arms editCoat of arms of Michael Ashcroft nbsp nbsp Coronet A Coronet of a Baron Crest A Baird s Tapir statant Sable gorged with a plain collar attached thereto a line reflexed over the back and ringed Or Escutcheon Or gutte Sable two barrulets dancetty acute each interlaced with a bar Gules Supporters On either side a Keel Billed Toucan Proper Motto Sleep wid you own eye 98 References edit a b c d e Ashcroft Baron Michael Anthony Ashcroft born 4 March 1946 Who s Who 2007 doi 10 1093 ww 9780199540884 013 u5821 ISBN 978 0 19 954088 4 Retrieved 3 June 2021 a href Template Cite book html title Template Cite book cite book a website ignored help Ashcroft The Tories troublesome tycoon BBC News 31 March 2000 Retrieved 5 January 2016 Inflation Calculator Bank of England www bankofengland co uk Archived from the original on 6 October 2014 Retrieved 5 January 2016 The Sunday Times Rich List 2021 Sunday Times Rich List Retrieved 7 June 2021 a b c d White Michael 27 August 2002 Ashcroft tax inquiry runs into buffers The Guardian London Retrieved 9 April 2015 a b c Ashcroft inquiry called off BBC News 27 August 2002 Retrieved 9 April 2015 a b c Lord Ashcroft admits non dom status BBC News 1 March 2010 Retrieved 1 March 2010 a b c Tory donor Lord Ashcroft gives up non dom tax status BBC News 7 July 2010 Retrieved 9 April 2015 Lord Ashcroft has given up his non dom tax status to stay in the Lords it has been confirmed Hasell Nick 23 April 2007 The unexpected face of fight to save the whales The Times London Retrieved 15 May 2020 a b c d How he made his pile Lord Ashcroft businessman politician Management Today 1 October 2009 Retrieved 18 November 2017 Fran Abrams Ashcroft to give 5m to his old college dead link The Independent 25 May 2000 Retrieved 20 July 2011 a b c Michael Ashcroft 8 July 2009 Dirty Politics Dirty Times PDF Biteback ISBN 978 1 84954 009 4 Ashcroft The Tories troublesome tycoon BBC News 31 March 2000 Retrieved 12 April 2008 a b Andy McSmith and Ben Laurance 16 January 2000 Ashcroft s Lotus position The Observer London Retrieved 14 July 2012 NHL shareholders not told of executive s role The Independent London 19 October 1992 Archived from the original on 12 May 2022 Retrieved 14 July 2012 Ashcroft in For BCA Cash Windfall Sky News 20 September 2006 Archived from the original on 16 January 2014 Retrieved 14 July 2012 Andrew Clark and Robert Shrimsley 14 July 1999 The City spotlight falls once again on Daddy Warbucks The Daily Telegraph London Archived from the original on 29 March 2002 Retrieved 12 April 2008 Exclusive The peer who bankrolls the Tories is the boss of a poor tax haven Daily Mirror London 27 September 2008 Retrieved 18 December 2009 Doward Jamie 1 November 2009 Lord Ashcroft of Belize facing eviction as country turns on him The Guardian London Retrieved 28 December 2009 Merrick Jane 29 November 2009 Belize PM warns Cameron about role for Ashcroft The Independent London Archived from the original on 12 May 2022 Retrieved 17 September 2010 Prime Minister s Introduction of Bill to have Government assume control of Belize Telemedia Limited PDF Government of Belize Retrieved 13 October 2009 dead link Digital Marketing Group plc has changed its name to WEARE 2020 plc Archived from the original on 26 May 2011 Placing and admission to AIM PDF Digital Marketing Group Archived from the original PDF on 27 March 2012 Michael Ashcroft Business WeAre20 20 plc Holding s in Company advfn com Retrieved 20 July 2011 Carlisle Group included the brands Recruit PLC and Tate include Carlisle Group and Corporate Services Group merged to form Impellam Group Recruiter Archived 4 October 2011 at the Wayback Machine Simon Bowers 9 October 2007 UK From 1 firm Lord Ashcroft nets 132m CorpWatch Guardian Retrieved 18 December 2009 Billionaire to own 42 of Watford BBC Sport 14 March 2006 Retrieved 14 March 2006 Walsh Dominic 4 June 2019 Lord Ashcroft s 2m loan adds sparkle to Gusbourne wines The Times ISSN 0140 0460 Retrieved 4 June 2019 Coates Sam 25 February 2009 Tories accepted 250 000 from Lord Ashcroft s wife The Times London Retrieved 18 December 2009 Hencke David 3 November 2007 Welcome aboard Air Ashcroft the Tories favourite airline just make sure you offset The Guardian London Retrieved 18 December 2009 Vella Matthew 27 December 2017 Private jet of Tory peer Lord Ashcroft taxies off Malta runway into Polidano offices Malta Today Archived from the original on 27 December 2017 Grech Herman 27 December 2017 Aircraft blown off apron smashes into building The Times Archived from the original on 27 December 2017 Atlatic Goose yachtmati com Retrieved 18 December 2009 Cookson Brian 2006 Crossing the River Edinburgh Mainstream ISBN 978 1 84018 976 6 OCLC 63400905 Colin Brown 9 December 1999 Ashcroft offers to reorganise affairs in libel case settlement The Independent London Archived from the original on 12 May 2022 Retrieved 16 December 2011 Kevin Maguire Nick Hopkins Paul Murphy 9 December 1999 Dramatic end to Ashcroft and Times libel battle The Guardian London Retrieved 23 April 2008 a b Brogan Benedict 27 January 2010 How the charity of a peer s wife will propel Cameron to power The Daily Telegraph London retrieved 31 January 2010 The Lord Ashcroft KCMG Profile Conservative Party Retrieved 12 April 2008 Conservative lenders unveiled BBC 31 March 2006 Retrieved 6 February 2022 Syal Rajeev Helm Toby 15 November 2009 Electoral watchdog under fire as Lord Ashcroft inquiry threatens to run into election The Guardian London retrieved 31 January 2010 a b Helm Toby Syal Rajeev 7 February 2010 Gordon Brown attacks scandal of Lord Ashcroft donations The Guardian London retrieved 7 February 2010 Donation probe clears Ashcroft BBC News 4 March 2010 retrieved 4 March 2010 Elliott Francis Kennedy Dominic 5 March 2010 Conservative officials refused to co operate with Ashcroft inquiry The Times London retrieved 5 March 2010 Michael Fallon named Conservative Party deputy chairman The Daily Telegraph London 22 September 2010 Archived from the original on 25 September 2010 a b c d e f g Oborne Peter 27 June 2012 Lord Ashcroft s Tory Right is stopping the Coalition working The Daily Telegraph London Retrieved 30 June 2012 Lord Ashcroft is leading donor for Tory London mayoral candidate The Guardian 10 February 2021 Retrieved 10 February 2021 Is it Carrie Johnson s turn to be embarrassed by Michael Ashcroft Carrie Johnson The Guardian 8 February 2022 Retrieved 13 April 2022 No 55806 The London Gazette Supplement 25 October 2000 p 11959 No 56008 The London Gazette 25 October 2000 p 11959 Lord Ashcroft KCMG PC 31 March 2015 Personal Statement from Lord Ashcroft KCMG PC Retrieved 9 April 2015 Stone Jon 31 March 2015 Former Tory treasurer Lord Ashcroft has resigned from the House of Lords The Independent London Retrieved 9 April 2015 Watt Nicholas 31 March 2015 Lord Ashcroft resigns from House of Lords to focus on polling and publishing The Guardian London Retrieved 9 April 2015 Lord Ashcroft KCMG Annual Return PDF 9 November 2005 Retrieved 3 June 2019 Lord Ashcroft KCMG Annual Return PDF 8 November 2011 Retrieved 3 June 2019 Lord Ashcroft KCMG Annual Return PDF 7 November 2014 Retrieved 3 June 2019 Ashcroft Michael About Lord Ashcroft Polls Retrieved 14 January 2015 Above the fray The Economist 10 January 2015 Retrieved 14 January 2015 Pickard Jim 22 December 2014 Lord Ashcroft becomes independent opinion pollster Financial Times Retrieved 14 January 2015 Ashcroft Michael Home Lord Ashcroft Polls Retrieved 14 January 2015 For example Hope Christopher 12 January 2015 General Election 2015 Tories grab six point lead over Labour in Lord Ashcroft poll The Daily Telegraph London Retrieved 14 January 2015 Explore all of Lord Ashcroft s 89 marginal polls New Statesman 7 November 2014 Retrieved 14 January 2015 a b Ashcroft Michael 4 May 2013 Lord Ashcroft I have never been a great believer in inherited wealth The Daily Telegraph London Retrieved 19 July 2013 Statement from Lord Ashcroft KCMG PC May 2013 PDF The Giving Pledge May 2013 Archived from the original PDF on 2 July 2013 Retrieved 19 July 2013 Crimestoppers Our story crimestoppers uk org Retrieved 10 July 2020 50 000 reward offered in Aisling Symes case The New Zealand Herald 12 October 2009 Retrieved 13 October 2009 Olivia Pratt Korbel Record 200k reward in hunt for girl s killer BBC News 21 September 2022 Retrieved 19 February 2023 Lord Ashcroft Anglia Ruskin University Archived from the original on 7 January 2010 Retrieved 18 December 2009 Anglia Ruskin Chancellor celebrating our 25th anniversary retrieved 28 March 2023 Ashcroft funds business school Business Weekly Technology News Business news Cambridge and the East of England www businessweekly co uk Retrieved 25 September 2022 Anglia Ruskin University Philanthropy Michael Ashcroft Lord Ashcroft Retrieved 19 February 2023 Building the future of modern business education today The Independent 30 June 2011 Retrieved 19 February 2023 Faculty of Business and Law ARU aru ac uk Retrieved 19 February 2023 PROSPECT EDUCATION TECHNOLOGY TRUST LIMITED registered charity no 281159 Charity Commission for England and Wales British Startup Innovating the Ed Tech Market HuffPost UK 22 October 2013 Retrieved 7 June 2021 Britain s Treasure Islands britainstreasureislands com Hasell Nick 23 April 2007 The unexpected face of fight to save the whales The Times London Archived from the original on 7 September 2008 Retrieved 18 December 2009 Felix Fund Launch raises 55 000 Felix Fund The Bomb Disposal Charity Launch of 1m appeal for our bomb disposal heroes The Daily Telegraph London 10 September 2011 Help for Heroes Latest News 5 Archived 2 August 2012 at archive today All Awards and Accreditation notices Victoria Cross VC The Gazette Official Public Record Retrieved 20 May 2016 permanent dead link World s largest VC collection to go on show Telegraph 10 July 2008 Archived from the original on 10 July 2008 Retrieved 29 June 2023 Ashcroft Michael 6 November 2006 Victoria Cross Heroes Men of Valour Headline Publishing hardcover ISBN 978 0 7553 1632 8 Ashcroft Michael 11 July 2008 Never forget the winners of the Victoria Cross The Daily Telegraph London Lord Ashcroft Gallery About Lord Ashcroft Medals Retrieved 24 December 2022 Paradise Papers reporting team 5 November 2017 Paradise Papers Lord Ashcroft stayed non dom despite pledges Lord Ashcroft The Guardian London 22 September 2008 Retrieved 18 December 2009 Michael Ashcroft December 8 1999 Murdoch Settles Libel Lawsuit History Commons Retrieved 18 December 2009 2003 EWHC 936 Ch upheld in the Court of Appeal 2004 EWCA Civ 118 however Jonathan Parker LJ said That being so it was in my judgment unnecessary and inappropriate for the judge to have expressed himself in such extreme language However the fact that he chose to express himself as he did has no impact on the conclusion which he reached on the issue of undervalue a conclusion which for the reasons I have given was in my judgment plainly correct a b c Walsh Conal Antony Barnett 11 May 2003 Ghost of Gekko in Ashcroft s greenmail The Observer London Retrieved 12 July 2009 A 10m mystery What connects the deputy chairman of the Conservative Party with Hugo Chavez The Economist 15 May 2008 Retrieved 1 April 2015 Lord Ashcroft has been accused of avoiding VAT on opinion polls 5 March 2010 Retrieved 8 March 2010 Tory Lord Ashcroft concealed link to Caribbean firm BBC News Mason Rowena Wintour Patrick Conservative sources deny David Cameron pig s head allegations The Guardian Retrieved 26 September 2015 Wintour Patrick Mason Rowena David Cameron biography No 10 refuses to comment on debauchery claims The Guardian Retrieved 26 September 2015 No 55879 The London Gazette 19 June 2000 p 40 Anglia Ruskin University s Honorary Graduate Site anglia ac uk Archived from the original on 18 May 2015 Lord Ashcroft Investiture Order of the Holy Trinity The Stone Family in Australia Retrieved 2 August 2019 Debrett s Peerage 2019 External links edit nbsp Wikimedia Commons has media related to Michael Ashcroft Official website Conservative Home owner Lord Ashcroft Foundation Profile at the Parliament of the United Kingdom Contributions in Parliament at Hansard 1803 2005 Current session contributions in Parliament at Hansard Voting record at PublicWhip org Record in Parliament at TheyWorkForYou com Profile at Westminster Parliamentary Record Profile at BBC News Democracy Live Articles authored at Journalisted Register of Lords interests Lord Ashcroft collected news and commentary at The Guardian nbsp Crimestoppers founder The Times libel statement 5 June 2003 How did Ashcroft do it The Ins and Outs of Non Dom tax avoidance March 2010 Victoria Cross Heroes Special Forces Heroes George Cross HeroesOrders of precedence in the United KingdomPreceded byThe Lord Luce GentlemenBaron Ashcroft Followed byThe Lord Best Retrieved from https en wikipedia org w index php title Michael Ashcroft amp oldid 1187159320, wikipedia, wiki, book, books, library,

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