over to Croydon and City of London Corporation. They made the decision, not me. It's quite untrue to say there was a deal or I made the decision." Of Garrard and Rosenfeld he said, "I don't think I have ever met them. I don't know who the companies are and I certainly don't know if they were giving money to the Labour Party. I am not a great one for circulating among businessmen. I just do my damn job and therefore I resent it when these implications are made. I have not made any money from politics for God's sake. But I am here doing what I can best in public service. My reputation is important to me. My politics is important to me." "I make my mistakes from time to time and we have to be answerable to you guys but not when it's a lie," he added. Lord Falconer of Thoroton Amendments to the Electoral Administration Act to make it a legal requirement that loans to political parties are made public in a similar way to donations were to be urgently considered by Lord Falconer of Thoroton, then Lord Chancellor according to reports in March 2006. Conservative Party David Cameron "We've got to stop this perception that parties can somehow be bought by big donations either from very rich people, or trade unions, or businesses." The Conservative Party admitted that it has engaged in similar borrowing (but did not reveal any links to nominations for peerages). Such loans have been reported in party accounts though the annual accounts are not yet published for the period covering the 2005 general election. David Cameron's proposals are: Ban on all loans unless from financial institutions on fully commercial terms £50,000 cap on donations Tax relief on donations up to £3,000 State funding of £1.20 per vote won at general elections for parties with MPs, plus annual payment equal to 60p per vote New commission to handle honours General election party funds limited to £15 m These proposals would also reduce the number of MPs from 650 to fewer than 600. Francis Maude Conservative Party chairman Francis Maude said he "regretted" accepting loans from abroad but insisted it had not broken the law. He said it had to pay back £5m to lenders who wanted to remain anonymous including a number of foreign nationals. "These loans represent a very small part of