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Labour’s cosy chat with a dodgy bank
Jonathan Reynolds’ appearance at a Starling Bank-sponsored event speaks volumes about Labour’s attitude to financial regulation, as the bank faces criticism over Covid loan fraud and money laundering failures, writes SOLOMON HUGHES
Business and Trade Secretary Jonathan Reynolds leaving Downing Street, London, after attending a Cabinet meeting, October 8, 2024
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BUSINESS SECRETARY Jonathan Reynolds chose to make a personal keynote appearance at Labour conference with Starling Bank: 10 days later, Starling was fined £28 million for “shockingly lax” failures to screen criminals and sanctioned individuals from accounts.
Reynolds sat for an “In Conversation” event at Labour’s Liverpool conference. These In Conversation events are the most personal (or egotistical) conference events, set up like a two-seater chat show with the minister as the “star.”
The Reynolds event with a Bloomberg correspondent, Lizzy Burden, was organised by key Starmer-supporting organisation Labour Together in front of a limited audience inside its conference marquee.
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