According to the BBC news today the investigation into the "Cash for Honours" is complete and no one will face charges.

The connection between political donations and the award of life peerages seems to be a dirty cover up. A quirk of electoral law in the United Kingdom means that although anyone donating even small sums of money to a political party has to declare this as a matter of public record, those loaning money, even for an indefinite period, did not have to make a public declaration.

I smell a rat.