Frank Hester: More than half of public think Tories should return donor’s money after racism row, poll finds
More than half of UK adults, including nearly 40% of 2019 Tory voters, still think the party should return the £10m it has received from donor Frank Hester following his comments about Diane Abbott MP, fresh polling shared with Sky News shows.
Research by Savanta also reveals that two-thirds of Conservative voters believe Mr Hester’s remarks about the former Labour MP were racist – a figure that rises to 70% for the wider public.
Savanta surveyed 2,149 UK adults aged over 18 online from 15-17 March, when the Conservatives were fully engulfed in the row over Mr Hester, who is reported to have said Ms Abbott made him “want to hate all black women” and that she “should be shot”.
Mr Hester has since said he is “deeply sorry” for his remarks, but that they had “nothing to do with her gender nor colour of skin”.
Ms Abbott, who remains suspended from the parliamentary Labour Party, hit out at the “level of racism that is still in Britain” following the row, saying Mr Hester’s remarks showed how “black women are disrespected”.
Since the reports emerged, Rishi Sunak has resisted pressure to return the £10m Mr Hester is known to have donated to the Conservatives last year, despite saying Mr Hester’s comments were “racist” and “wrong”.
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The prime minister’s admission came after Downing Street and several ministers initially refused to say whether the remarks were racist – saying only that they were “wrong”.
Mr Sunak has also refused to confirm whether a further £5m from Mr Hester is in the pipeline – Sky News understands the party is “in talks” about the additional cash.
Earlier this week Business Secretary Kemi Badenoch, who was the first cabinet minister to say the remarks were “racist”, insisted the government had “drawn a line” under the row and shouldn’t have to give back the money he donated.
“I think if somebody has apologised and the comments appear to have been first of all very flippant, said a long time ago, I think it is fine for us to be able to accept and forgive and draw a line under it,” she told Sky News.
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Badenoch thinks the Conservatives should keep the donations
But the Savanta polling found 54% of UK adults think the Conservatives should return Mr Hester’s £10m donation, including 39% of 2019 Conservative voters.
Chris Hopkins, Political Research Director at Savanta, told Sky News: “The government’s original line in response to Frank Hester’s comments about Diane Abbott was that they were rude but not racist.
“Our research suggests that the public disagrees, including their own voters.
“Leading Conservatives, including the prime minister, have attempted to draw a line under the saga and any future donations from Hester.
“But the majority of the public say they want to see his reported £10m donation returned. That’s the short-term problem.”
Mr Hopkins added: “Longer-term, nearly half of all UK adults believe that racism is widespread in the Conservative Party.
“That is a major electoral and moral challenge for a party that has traditionally struggled with ethnic minority voters.”
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A Conservative Party spokesperson said: “The comments allegedly made by Frank Hester were racist and wrong. He has now rightly apologised for the offence caused and where remorse is shown it should be accepted.
“The prime minister is clear there is no place for racism in public life and as the first British-Asian prime minister leading one of the most ethnically diverse Cabinets in our history, the UK is living proof of that fact.”
Crypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause the implementation of his controversial proposed tariffs on April 7.
“One would have to imagine that President Donald Trump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” Ackman, founder of Pershing Square Capital Management, said in an April 5 X post.
Trump may postpone tariffs to make more deals, says Ackman
“I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals,” Ackman added.
On April 2, Trump signed an executive order establishing a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher reciprocal tariffs on trading partners with which the US has the largest trade deficits are scheduled to kick in on April 9.
Ackman — who famously said “crypto is here to stay” after the FTX collapse in November 2022 — said Trump captured the attention of the world and US trading partners, backing the tariffs as necessary after what he called an “unfair tariff regime” that hurt US workers and economy “over many decades.”
Following Trump’s announcement on April 2, the US stock market shed more value during the April 4 trading session than the entire crypto market is currently worth. The fact that crypto held up better than the US stock market caught the attention of both crypto industry supporters and skeptics.
Source: Cameron Winklevoss
Prominent crypto voices such as BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss also recently showed their support for Trump’s tariffs.
Related: Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec
Ackman said a pause would be a logical move by Trump — not just to allow time for closing potential deals but also to give companies of all sizes “time to prepare for changes.” He added:
“The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.”
Ackman said April 7 will be “one of the more interesting days” in US economic history.
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Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Source: Web.archive.org
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Related: Bitcoin at 16: From experiment to trillion-dollar asset
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension
Is Satoshi Nakamoto wealthier than Bill Gates?
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
Satoshi’s new addresses. Source: Conor Grogan
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
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