Cabinet Minister and the ex party treasurer sip £300 wine over lunch, at a time of austerity

By
Paul Harris

17:42 EST, 25 May 2012

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18:46 EST, 25 May 2012

The eurozone is crumbling, the recession is driving people out of their homes and jobs, and David Cameron is struggling to shed his ‘arrogant posh boy’ image.

But don’t worry. As the Prime Minister and his Chancellor George Osborne repeatedly tell us, we’re all in this together.

Doubtless that was the toast when former Conservative Party treasurer Michael Spencer and international development secretary Andrew Mitchell met for a spot of lunch recently – and raised a glass of £300 wine.

Ex Tory treasurer quaffs £300 bottle of wine with cabinet member at lunch

Ex Tory treasurer quaffs £300 bottle of wine with cabinet member at lunch

Wine lovers: Michael Spencer, left, former Conservative party treasurer and international development secretary Andrew Mitchell, right, enjoyed a lavish £300 bottle of wine for a spot of lunch

The multi-millionaire head of the ICAP brokerage firm entertained the minister in the company’s private dining room, then wrote gushingly about it in How To Spend It magazine, published by the Financial Times.

‘Entertaining with good wine makes a genuine difference because people enjoy and appreciate it,’ he says, adding: ‘I’ve always loved fine wine.’

But here’s a dilemma that not every Conservative voter in Britain will face: just what does one select from the cellar when the man overseeing billions in financial aid comes calling?

‘I earmarked a lovely 1989 Château Lynch-Bages,’ Mr Spencer reveals. ‘It’s a straight-down-the-fairway type of wine that never lets you down.’

Ex Tory treasurer quaffs £300 bottle of wine with cabinet member at lunch

The Chateau Lynch-Bages, or ‘Lunch Bags’, which costs up to £300 a bottle

Fore! Here comes another off-target gaffe that is set to dump Mr Cameron and his ministerial colleagues straight into the rough.

For Mr Spencer omits to mention that the highly-rated Bordeaux blend, known colloquially as ‘Château Lunch-Bags’, costs up to £300 a bottle. ‘When I was appointed treasurer of the Conservative Party in 2007, I organised a few lunches here for David Cameron before he was prime minister,’ he says.

‘When David arrived . . . the first thing he said was, “The wine here is always so good, I think I’ll have a glass.” After that, so did everyone else.’

Mr Spencer, whose Rich List ranking of £610million puts him just above supermarket supremo Lord Sainsbury, lists wine among his recreations in Who’s Who, and, like Mr Cameron, was educated at Oxford.

Mr Mitchell (Rugby and Cambridge) became Secretary of State for International Development in 2010, the same year that Mr Spencer stepped down as party treasurer.

The glossy magazine’s ‘Captain’s Table’ article follows a similar  off-message piece by the Chancellor’s father Sir Peter Osborne,  who wrote recently that he favours Savile Row suits, £200 bottles  of wine and aspires to owning  a Picasso.

So are we truly all in this together? A poll last month suggested that four out of five Britons believed only some of us were. And that others might not be tightening their belts quite so much.

Here’s what other readers have said. Why not add your thoughts,
or debate this issue live on our message boards.

The comments below have not been moderated.

Aldi’s £3.99 wine probably tastes just as good ,if not better.!!
I couldn’t bring myself to swallow even a sip of a £300 wine.

it makes me bleeding sick while all of us are struggling financially they take the p…. probably at our expence. it amazes me these people are still in power and we havent physically got hold off them and slung them out. we are not in it altogether its them and us and they get away with it not for much longer though. vote ukip.

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