Can't say I'm as shocked as Toby Helm is about the Ashcroft admission - surely today's announcement only confirms what everyone suspected all along? - but he does a pretty thorough job of explaining just why it matters. His article also highlights the extent to which senior Tories simply 'don't get it'. (See the Zac Goldsmith affair for another case study).
About time the Electoral Commission got its act together to decide whether Ashcroft's company is a valid donor too, or is it just a front, through which Ashcroft's overseas money is channelled? And just what influence does Ashcroft have on Tory foreign policy? Questions, questions... Shame Cameron and Gordon aren't going head to head at PMQs this week, but I imagine Harriet will have a few things to ask Mr. Hague.