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The UK Independence Party in Sheffield has welcomed the news that spread-betting multi-millionaire Stuart Wheeler has gifted UKIP with £100,000 and said he will be voting for the party in the European elections this June.

UKIP Sheffield Chairman Jonathan Arnott said "We are delighted to have Stuart Wheeler's support at this critical time.  June's European elections will be a defining moment in the future of our party" 

Mr Wheeler told the News of the World that Brussels was a bigger threat to Britain than the global economic crisis and was fed up with David Cameron's decision to ignore it.

He said: "The EU is doing so much damage to our economy and our way of life that I can no longer vote Conservative at the European elections."

He now says he has serious doubts that Mr Cameron will carry out his promise to hold a referendum on the EU Constitutional Treaty.

And he thinks British voters still believe Britain's future in Europe is a major issue.

He said: "The public know that the EU is incompetent, ineffective, hidebound and riven with fraud but the current political class in Westminster don't want to talk about it. I believe that millions of people want a say on the matter, and by voting UKIP they can be heard."

Mr Wheeler's decision means David Cameron may have to expel one of his biggest financial backers 15 months before a possible General Election.

Delighted UKIP Leader Nigel Farage said: "We are thrilled to accept Stuart as a UKIP donor.

"His support proves yet again that the issue of who governs Britain is far greater than any traditional tribal party loyalty and that many Brits plan to lend UKIP their vote on June 4." 

Read the full News of the World article here.