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LABOUR donor John Mills has rubbished reports that he is to cut off cash to the party after Jeremy Corbyn’s election as leader, writes Luke James.
The Daily Telegraph made the claim yesterday in a front-page story, which also alleged that Mr Mills (pictured) would fund new Blairite “insurgency” group Labour for the Common Good.
But the JML tycoon hit back, describing the story as “utterly untrue” and “wholly inaccurate.”
Labour’s biggest individual donor said the party would continue to collect dividends from shares in his company that he has donated.
And in a statement he wrote: “Jeremy Corbyn was fairly elected as leader of the Labour Party and has a mandate from the party and its members.
“After our defeat in May, I believe the party needs fresh thinking and to this end I will consider funding established think tanks.
“I’d like to reiterate that I’ve been a loyal member of the Labour Party for more than 40 years and will always remain so.”
