Telegraph.co.uk – Mr Cameron said that his shadow chancellor George Osborne had explained "very clearly" all the meetings and conversations he had had about a possible £50,000 donation from Oleg Deripaska and called on Mr Mandelson to produce a similar list of encounters.

Mr Osborne has been left fighting for his political life after the revelation that he discussed a substantial donation to the Conservative Party from Mr Deripaska following four meetings between him and the aluminium tycoon, who is banned from the US, in Corfu.

Nat Rothschild, a hedge fund tycoon who was host to Mr Osborne at his family’s villa on the island, alleged that Mr Deripaska offered to donate money to the Tories despite not being eligible to vote in this country.

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