A moral tale of two kitties

THERE is a marked contrast between the morals of breaking financial stories today. On the one hand, a Catholic business tycoon is donating almost all of his £500 million fortune to charity. On the other, three former Cabinet ministers have been suspended by the Labour Party following allegations that they tried to sway policy decisions by lobbying the Government for a fee.

Albert Gubay, 82, founder of Kwik-Fit and Total Gym, is determined to double his fortune in his lifetime before turning over an annual income estimated at £20 million to good causes‑half to causes connected to the Catholic Church. He has already put £480 million into the Albert Gubay Charitable Foundation, bettering his promise as a young man to give 50 per cent of his fortune to charity.

Born in North Wales to a Jewish Iraqi refugee father and an Irish Catholic mother, the Isle-of-Man businessman revealed his plans today.

Meanwhile ex-Transport Secretary Stephen Byers is seeking an investigation into claims that he worked for companies to secure secret deals with ministers.

The request comes after Mr Byers was secretly filmed saying he was a like a ‘cab for hire’ and allegedly suggested that he had persuaded the minister to allow the firm to withdraw on favourable terms.

Stephen Byers, Patricia Hewitt and Geoff Hoon have all been suspended after being caught in a television sting offering their influence for hire and boasting that they had changed government policy and secured preferential access to ministers for private companies.

Closer to home businessman Scottish Willie Haughey has referred himself to the Accounts Commission over his dealings with Glasgow City Council.

Mr Haughey, a Labour Party benefactor, wants the spending watchdog to examine deals worth £2.1m that he insisted were fairly awarded. Strathclyde Police has been asked to investigate deals made by the council under the leadership of Mr Stephen Purcell who resigned from office.

For more on these stories visit





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