The Hurlingham Club hosted the Tories’ annual fundraising Black and White Ball last night. Behind closed doors, the Prime Minister gave a speech to Tories with deep-pockets. There was none of the usual soft commentary the public get thanks to the joys of coalition; Dave was in partisan mode.

It will be the end of the world as we know it if Labour gets back in. Cameron warned his audience that the 50p tax will be restored, the welfare cap will be abolished and the unions will be darkening the doors of Downing Street. ‘A reasonably sound speech,’ says my mole.

The pink elephant in the room? Well, today’s gay marriage bill debate. Cameron once said that ‘we should support gay marriage not in spite of being Conservatives, but because we are Conservatives’; but, in a room full of donors and loyal supporters, he did not mention this flagship policy even once. I wonder why.

Tags: Conservatives, David Cameron, donors, Gay Marriage