Last updated at 10:27 PM on 05th February 2009
A tax exile peer has stopped bankrolling the Tories to spare David Cameron embarrassment.
Lord Laidlaw of Rothiemay has lent or donated around £5million to the party, even though he is based in Monaco to avoid paying tax in Britain.
Now the 66-year-old peer - caught taking part in an orgy with prostitutes last year - has decided to end his financial backing 'until he has sorted out his tax issues'.
The multi-millionaire tycoon has been rebuked by the watchdog Lords Appointments Commission for failing to keep his promise when he was ennobled in 2004 to register as a UK resident.
Faced with an estimated tax bill of £50million, he chose to suspend his membership of the Lords in 2007