A millionaire former Tory donor defected to UKIP today and announced he was handing the party £1million to fight the next election - because he was angry at being called a 'nobody' by William Hague. Arron Banks, who has previously given tens of thousands of pounds to the Conservatives, said he was only going to give Nigel Farage's party £100,000 - but decided to increase it by £900,000 after Mr Hague's jibe. The announcement, timed to disrupt David Cameron's set-piece party conference speech this morning, comes after the Tories were left stunned by the double defection of rebel backbenchers Douglas Carswell and Mark Reckless.
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Millionaire  donor Arron Banks said he was switching to UKIP this morning
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Mr Banks has previously given tens of thousands of pounds to the Tories
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He revealed tonight that he would hand Nigel Farage's party £1million
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Donor revealed he only planned to give £100,000 but was insulted by Tories
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Follows double defection of rebel MPs Douglas Carswell and Mark Reckless
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Boris Johnson's former deputy  Richard Barnes also left to join UKIP
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UKIP defections have sparked an angry backlash at the Tory conference
Mr @placeholder – an insurance supremo – will hand over a cheque to Mr Farage for £100,000 today in a major boost to UKIP.