UKIP has today received a million pound boost from Arron Banks, the multi-millionaire businessman.
Banks, who formerly supported the Conservatives, had intended to present UKIP Leader Nigel Farage with a cheque for £100,000 but instead said at a press conference in Tockington near Bristol that he would instead be increasing his donation to £1 million.
Mr Banks, who runs GoSkippy insurance, 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 of the fact 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."
Prior the press conference Mr Banks said he does not believe David Cameron will reform the EU and will not facilitate the UK's exit.
"I've supported the Conservatives for a number of years but have come to the realisation that only UKIP supports my views. Being a member of the EU is like having a first class ticket on the Titanic. Economically, remaining in the EU is unsustainable. We are being dragged down to the lowest common denominator of financial growth when we should be looking to trade worldwide and should be basing our future prosperity on a long term global outlook. The Conservative party try to sell us the myth that EU reform is achievable when frankly all Cameron can offer is tinkering around the edges. He is not even able to bring himself to say that he would support UK exit if his supposed reforms do not work."
UKIP Leader Nigel Farage said: "I am delighted to welcome Arron's support to UKIP. His generosity will go a long way in our campaign. It shows a real development of UKIP that we are now attracting serious financial backers that will help secure our place in the political landscape. Arron recognises that it is the European Union that is holding Britain and her businesses back.