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Financial Services Review: Labour snuggles deeper into bed with the City
Champagne receptions all about ‘growth’ under a Labour government that don’t include any plans for actual productive growth and a load of PFI-tainted spivs says it all, laments SOLOMON HUGHES
Labour leader Keir Starmer and shadow chancellor Rachel Reeves arriving for a visit to the London Stock Exchange Group, September 22, 2023

RACHEL REEVES, Labour’s shadow chancellor and shadow City minister Tulip Siddiq hosted a champagne reception at the Guildhall in the City of London for “industry leaders” in finance at the end of February.

The drinks reception was held “in partnership” with the City of London to celebrate Labour’s Financial Services Review. Ordinary members weren’t invited. Journalists were excluded.

This Financial Services Review says: “Labour’s defining economic mission is to restore growth to Britain. This calls not just for a change in government, but a change in mindset: an active government prepared to work in partnership with business to remove the barriers to economic success.”

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SOLOMON HUGHES asks whether Labour ‘engaging with decision-makers’ with scandalous records of fleecing the public is really in our interests