Osborne Not Good Enough to Succeed Cameron, Donor Temerko Says

Alexander Temerko, a former Yukos Oil Co. executive who’s given more than 800,000 pounds ($1.2 million) to Britain’s Conservative Party, said he’s backing Boris Johnson to succeed David Cameron as prime minister, because George Osborne doesn’t understand business.

In an interview at the Conservative conference in Manchester after Osborne, the chancellor of the exchequer, set out his stall in a speech to activists, Temerko also mocked Cameron’s renegotiation of Britain’s European Union membership and said he’d be giving money to the campaign to keep the U.K. in the bloc.