THE spread betting tycoon Stuart Wheeler accused David Cameron of “deceiving" the public over his pledge to hold a referendum on the European Union treaty, and has offered to bet him – or anyone else – £100,000 that the Tory leader will not deliver. There has been no response. That speaks for itself.

The Tory party’s biggest donor is to defect to the UK Independence party in the first sign of a backlash at the return of Kenneth Clarke.