By Dave Burke A suspended Tory MP who faces fraud and misconduct allegations over claims he used campaign funds to pay “bad people” has announced he will step down. Mark Menzies last week agreed to surrender the party whip following allegations he called a 78-year-old former campaign manager at 3:15am claiming he needed £5,000 as a matter of “life and death”. The Fylde MP could face a Commons sleaze probe over use of campaign funds. Today he announced he has quit the party and will not stand in the next general election. It means he will continue to draw his MP salary amid growing calls for a …