One of the Conservative Party's biggest financial backers in effect defected to the UK Independence Party last night, claiming he was fed up with David Cameron's policy on Europe.

Spread-betting millionaire Stuart Wheeler said he doubted the Tory leader would hold a referendum on the EU's Lisbon Treaty – and revealed he is giving £100,000 to the Euro-sceptic Ukip. Mr Wheeler told the News of the World he would vote for Ukip in European polls in June.

The paper said that Mr Wheeler now intended to vote for Ukip - which campaigns for withdrawal from the EU - in the European parliamentary elections in June, although he would continue to support the Tories the local and general elections.

Labels: Stuart Wheeler

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