A SUSPENDED Conservative MP has resigned from the Tory Party and will leave Parliament at the next election, it has been announced.

Mark Menzies, the MP for Fylde, was accused of misusing campaign funds after The Times published claims he had used political donations to cover medical expenses and pay off “bad people” who had locked him in a flat and demanded thousands of pounds for his release.

Menzies was suspended by the Conservatives pending an internal investigation, with police confirming that they were "reviewing" the letter.

In a statement Menzies (below) said: “It has been an enormous privilege representing the people of Fylde since 2010, but due to the pressures on myself and my elderly mother, I have decided to resign from the Conservative Party and will not stand at the forthcoming general election.

The National: MP Mark Menzies has agreed to give up the Conservative whip while the party investigates claims he misused campaign funds (Richard Townshend/UK Parliament)

“This has been a very difficult week for me and I request that my family’s privacy is respected.”

A Conservative party spokesperson said an investigation had found “a pattern of behaviour that falls below the standards expected of MPs”.

READ MORE: Who is Mark Menzies?

A statement said: “The Conservative party has now completed its investigation into whether there was a misuse of Conservative party funds.

“The money in question that was sent to Mark Menzies MP was signed off by the two signatories of Fylde Westminster group.

“This body sits outside of the remit of both the Conservative Party and Fylde Conservative Association. Therefore we cannot conclude that there has been a misuse of Conservative Party funds.

“However, we do believe that there has been a pattern of behaviour that falls below the standards expected of MPs and individuals looking after donations to local campaign funds which lie outside the direct jurisdiction of the Conservative party.”

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The statement continued: “We will therefore be commencing with retraining individuals across the party on how to manage these accounts which fall outside of the remit of the Conservative Party and are introducing a whistleblowing helpline.

“Furthermore, whilst outside of the initial scope of this investigation, there has also been a recommendation that the actions of the MP in question have also potentially breached the Nolan principles of public life.

“This is due to the nature of the allegations made, but also the repetitive nature of these separate allegations. These will be reviewed by the Conservative Party’s member governance team.

“We will of course share any information with the police if they believe it would be helpful to any investigation they decide to undertake.

“Suggestions the party has not been seriously examining this matter are demonstrably false as we have worked to protect the identities of all those involved whilst the facts could be established.”