Michael Dugher MP, Labour’s vice chair, reacting to news that Michael Spencer will be attending the Conservative Party conference in Manchester this year, said:

“Despite the fact that the city broker ICAP, which was founded and run by David Cameron’s former treasurer Michael Spencer, has been fined £55 million by regulators over the Libor scandal, it has been confirmed that Mr Spencer will be attending the Conservative Party conference in Manchester. This will give the Tory donor unrivalled access to both the prime minister and the chancellor. No wonder people say Cameron can’t stand up for working people, just a privileged few. Once again we find Cameron mixing with the wrong crowd.”