specified candidates rather than into general Conservative Central Office funds. Ashcroft stated in 2005: "I much prefer to be involved, to make sure that my investment is wisely placed." In December 2005, he was appointed Deputy chairman of the Conservative Party. During the "Cash for Peerages" controversy, on 31 March 2006 Ashcroft was named by the Conservative Party as having lent it £3.6m. Significant donations made to the Conservative Party by Bearwood Corporate Services, a company controlled by Ashcroft, have also come under scrutiny. The trading status of the company, and thus the validity of donations totalling £5.1m between 2003 and 2008, is unclear and became the subject of an investigation by the Electoral Commission begun in October 2008. Both Labour MPs and the Prime Minister had called for the process to be concluded in time for the next general election, due by mid-2010. Liberal Democrat Lord Oakeshott stated: "Democracy is in danger if Lord Ashcroft has been pouring millions into Conservative campaigns through an offshore pipeline from a Caribbean tax haven." However, in March 2010 sources from the Electoral Commission described the donations as being "legal and permissible". On 1 March 2010, Ashcroft said that he was not domiciled in the UK for tax purposes. On 4 March 2010 the House of Commons Public Administration select committee decided to hold a "special one-off inquiry" into Ashcroft's peerage and his tax affairs. The committee's three Conservative MPs are said to have refused to take part in the inquiry. In September 2010, Ashcroft announced he would be stepping down as Deputy Chairman of the Conservative Party. His resignation came as he published Minority Verdict, his critical analysis of why the Conservative Party failed to gain an overall majority in the general election; leading to the Conservatives forming the Coalition government with the Liberal Democrats. He was replaced by the Conservative MP, former government minister and the current Treasury Select Committee member, Michael Fallon. In 2012, The Daily Telegraph credited Ashcroft, owner of both the ConservativeHome and PoliticsHome website with "stopping the Coalition working" by moving policy on Europe, welfare, education, taxation to the right. Prior to the 2010 election, Cameron gave Ashcroft a large office and a significant role in the election campaign but he received no reward in the form of ministerial job. Although claiming not to exercise editorial control, Ashcroft, a "brutal critic of the Coalition from the start"