Cameron pays Tory donor £140,000 for plot of land

David Cameron has purchased land neighbouring his home from a public-relations firm chief executive and donor to the Tory party.

The Prime Minister bought the land from Lord Chadlington, who donated £10,000 to fund his 2005 Conservative leadership campaign, and has donated more than £60,000 to the party since then. Lord Chadlington is also the chairman of Mr Cameron's local constituency association.

Mr Cameron paid £137,500 for the land, which Downing Street said had been independently valued.

The price tag took account of any potential value added to Mr Cameron's home, according to a No 10 source.

The Cabinet Office was informed, and the premier was advised he did not need to declare the acquisition because there was no conflict of interest.

Mr Cameron and his wife, Samantha, are not recorded by the Land Registry as having taken out a mortgage to make the purchase.