Following Arron Banks' donation of £1 million, UKIP's Party Treasurer Andrew Reid has written an Open Letter to The Rt Hon William Hague MP which can be read below:
Dear Mr Hague,
In the first instance I would like to thank you for your efforts in raising funds for the UKIP cause. It is clear to me that your fundraising ability deserves formal recognition and I would like to offer you the role of Deputy Treasurer on or before your forthcoming retirement from front bench politics.
However to do this, requires you to be a member of the Party, but in your case, as you have raised such a substantial sum for the party, I have spoken with Mr Farage and he has authorised me to offer you honorary membership in recognition of your efforts in securing funds for our party.
I look forward to seeing you at many party events.
UKIP National Treasurer
The millionaire businessman Arron Banks had originally decided to donate £100,000 to UKIP but following Mr Hague's intervention this morning he increased it to £1 million.
Mr Banks said: "I woke up this morning intending to donate £100,000 to UKIP and I understand Mr Hague called me a nobody.
"So, in light of that and in view that I am a strong advocate of leaving the European Union, I have decided today to donate £1 million to the party and not the £100,000 we originally agreed."