But that is one of the many claims against Mr Ashcroft that has not been proven: Michael Ancram, the party chairman, credits him with having broadened the party's financial base.

ECONOMIST: Living on his wits | The

But Conservative Party Chairman Michael Ancram, accompanying Mr Hague, said the report was part of a campaign being waged against Mr Ashcroft.

BBC: News | UK Politics | Tories defend party treasurer