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Rowland in U-turn over Tory role

first_img Share whatsapp Rowland in U-turn over Tory role Thursday 19 August 2010 9:09 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo DAVID Rowland, the property tycoon who was set to take up the role of Tory party treasurer, has decided to sacrifice the role to concentrate on his business interests. whatsapp Show Comments ▼ Rowland, who donated millions of pounds to the Conservative party in the run up to the general election, returned to the UK from the Channel Islands last year to allow him to become Tory treasurer in October. But yesterday he said he would not be able to give the role “the focus and attention it deserves” due to “developing business interests”.Stanley Fink, the hedge fund icon, will now become treasurer instead. Fink, who is currently co-treasurer along with Icap chief Michael Spencer, will take up the role after the October Tory conference. The Tories insisted Rowland’s last-minute volte-face had nothing to do with controversy over his status as a former tax exile nor criticism of his past business interests. Rowland’s decision comes amid a coalition split over the appointment of Sir Philip Green as an efficiency tsar. Last week, City A.M. revealed that Liberal Democrat business secretary Vince Cable, a vocal opponent of tax avoidance, had not been consulted over the appointment of Green. The Topshop tycoon has been criticised for saving a significant amount of tax on a £1.14bn dividend in 2005, which was paid by his retail empire Arcadia to Taveta Investments, a firm controlled by his Monaco-based wife. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Tags: NULLlast_img

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