David Cameron’s revelation that he hosted private Downing Street meals for Tory donors has sparked calls for an independent inquiry into “cash for access” claims and urgent party funding reform.

British prime minister David Cameron yesterday faced demands for an inquiry into “cash for access” allegations after he confirmed he had hosted wealthy individuals at Downing Street and Chequers who between them donated millions of pounds to the Conservative Party.

David Cameron is under pressure to reveal details of his meetings with Tory donors in the wake of explosive claims that access to the British Prime Minister could be secured by making large donations to Conservative Party.

British Prime Minister David Cameron has said claims made by a senior Tory fundraiser that donations to the party would secure access to ministers are “completely unacceptable”.

The richest man in the London market pulled the £800m (€1.2bn) flotation of his online trading firm today amid continued turmoil on the stock market.