Yesterday I blogged that UKIP was a political party that has been bought by a cabal of hedge fund traders in London - and today Lord Pearson admits it.
Pearson admits that the money to save UKIP from bankruptcy comes from Hedge Fund Traders who want UKIP to scrap / repeal the Hedge Fund Directive from the EU.
What sort of so called political party prostitutes itself so cravenly to the powers of big money.
Pearson then admits that Farage stepped aside to let him take power as the money from the hedge fund traders would only be given if Lord Pearson was the party leader.
Pearson also admits that UKIP will take more money from the hedge fund traders - and in effect become the party of global capitalism.
Therefore UKIP is no longer a political party - it is a mechanism for the rule of Britain by the power of money.
Ian Dale interviews Lord Pearson
The new leader of the United Kingdom Independence Party tells Iain Dale he is a reluctant leader, admits he makes gaffes and desperately wants a hung Parliament. He also claims he never wanted to be a politician
ID: So what on earth made you decide to stand for leadership of UKIP?
LP: There was quite a lot of arm-twisting from a number of leading people within the party and from several of the major donors.
Because you haven't actually been in the party that long...
No, I have only been in the party a couple of years because before that I sat as an Independent Conservative after being sacked from the Conservative Party in great disgrace.
How much of a wrench was it to leave?
I was always a rebel. I said I would be loyal to Margaret Thatcher and I remained loyal to her, but that wasn't the same thing as being loyal to Mr Major. I'd been the most rebellious backbench peer in the Lords and when I was sacked for suggesting people should lend their vote to UKIP in the European elections, it was actually a great relief. I have always been a bit of a maverick, so I'm afraid it didn't trouble me at all. I kept my personal friends in the party, not that there's very many of them.
It's slightly ironic though, isn't it, because the Conservative Party is more eurosceptic now than it has ever been?
The Conservative Party, the leadership, isn't nearly eurosceptic enough. The project of European integration, as originally envisaged by Monnet, is complete and everyone knows that. Cameron is simply not telling the truth when he pretends a sovereignty act to prevent further losses of sovereignty to Brussels is meaningful. I think they know he's talking nonsense when he says he can reclaim various powers from Brussels.
But surely he would only be misleading people if there was no further sovereignty to secede to Brussels but there clearly is?
What further sovereignty?
Economics and taxation for example.
Well they've got that if they want it.
Well, they don't have the power to raise taxes.
I believe they do. You only have to look at their use of Article 308 [allows EU Council to act on a proposal with extra powers], which they have been using since the French and Dutch rejection of the original constitution, to do anything they wanted, in fact.
But under that Article everything has to happen unanimously. A British prime minister can veto it.
He can, but the British government has not been vetoing it.
No, but a Conservative government could.
Yes, for anything new - not what's already been done. Don't forget our old friend the ratchet - the Aquis Communitaire [EU law made so far]. Our position is they don't need anything new now and even if they were to, they are already talking about raising tax and I'm not aware that either Cameron or any of the established parties have screamed about that.
So if all that is true then basically the game's up - what's the point of UKIP?
Because the only way out is the door and the point of UKIP is, in the next general election campaign, to try and inform the public more precisely about why we are in this position. The people have got the point about why this has gone seriously wrong. Even the lawyers and the accountants in the City of London have now got the point. They never cared about the fishermen or any other industries that have been damaged, sometimes to the point of extinction, by our membership of the European Union. But they have now got the point because of the Hedge Fund Directive. People are beginning to see clearly what this project has always been about.
Isn't part of the problem though that you can wax lyrical about Section 308 of the Treaty of Rome or the Hedge Fund Directive all you like, but you've actually got to appeal to people's hearts and minds? Isn't the problem with UKIP that it looks less like the rest of the British people?
Well, that's not what the latest opinion polls would tell you. A large majority of people wish to go back to free trade and friendly collaboration with the European Union. If you ask a slightly different question - do you want to come out? - then that's more frightening. In the general election campaign we are simply going to deliver two messages that are incredibly simple. One is that your democracy has removed your right to elect and dismiss those who make your laws. We are also going to run another idea which hasn't really been tested in the political world and it runs right alongside getting out of the European Union. The idea is direct democracy, power to the people, the Swiss system of referendums and the Daniel Hannan/Douglas Carswell plan. The British people are fed up with all the regulation that is coming at them from Brussels and, to a certain extent, Westminster.
This is where I think you personally have a problem. I could accept a lot of what you say as could most people if it came from Nigel Farage, but people will have more difficulty taking it from an unelected member of the House of Lords.
I've been elected to the leadership and Nigel's one commitment to me is he will remain the chief party spokesman. He's going to be in charge of media relations and he is our front man with the media. Obviously Nigel's a genius, he's a great man and a great politician and I don't pretend to be. He was a Derby winner. UKIP have now got a sort of carthorse [laughs]. We know that and I accept that and I have said that all the way through the hustings.
But we all know that dual leaderships never work.
Nigel will be our spokesperson and obviously if I am called upon because I'm the leader then I will speak. I don't detect people are holding my background against me and if they are then there's nothing I can do about it. I'm not going to apologise. I'm not going to resign from White's Club. I'm not going to stop shooting and stalking and I'm going to carry on because I never wanted to be a politician. I have always said I'm not a politician and I'm not and I can't pretend otherwise. And so I make gaffes, I talk about the 'disband' word when what I meant was get together and fight. I've accused the Muslims of breeding ten times faster than us when what I really meant was their population is going up and so on. I've made mistakes and I will probably make more. I try and do better but that's where we are.
Do you not think though that you might be seen as the Ming Campbell of UKIP?
Possibly. I am 67 years old. I have never been much involved in party politics. I've done a bit of canvassing but that's all, so therefore when I look at the structure of a political party I have to learn as I go along. The trouble with UKIP is that its success has outgrown its infrastructure and that needs putting right. Now that's not Nigel's scene. He's not an organisation chart man. He's a political genius and a brilliant man. Organisation charts are not his strong point and he's very happy to leave that to me.
The party itself historically has been a shambles hasn't it, organisationally?
I wouldn't dare use that expression but it has certainly not been very well organised. Our communications have been bad. People have been learning things in the press that they ought to have known about in advance. A proper organisation chart and proper communication is not difficult and we are going to do that. We will have a more efficient fighting machine.
But isn't part of the problem that to do any of what you just said, which is obviously necessary, you have to have money and UKIP has not got the money to do it. In fact, it's got to pay back £360,000.
We have that covered already and I will try and raise more money for the rest of it. One of the reasons I stood for leadership was that I thought, as leader, I would be better able to raise money. As leader, I would be able to raise the sort of money we need or would be more likely to be able to than if one of the other candidates had become leader.