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Labour Against the Finance Lobby, By Keval Bharadia

Summary:
Former Head of Derivatives Product Development at the London Stock Exchange backs Labour to stand up to the UK finance lobby (unlike all previous governments since Thatcher). Josh-Ryan Collins The finance lobby, arguably the UK’s most aggressive, has turned London into the world’s leading centre for international banking and finance by rigging politics to ensure it pockets the fortunes. I should know, I was former Head of Derivatives Product Development at the London Stock Exchange. Elsewhere in London and around the UK, we see the impact of austerity since the 2008 financial crash. Homelessness, 14 million living in poverty, 1.5 million destitute, food banks and 120,000 dead and counting from austerity policies. The UN reprimanded the Tories for austerity, saying it has

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Labour Against the Finance Lobby, By Keval Bharadia


Former Head of Derivatives Product Development at the London Stock Exchange backs Labour to stand up to the UK finance lobby (unlike all previous governments since Thatcher). Josh-Ryan Collins


The finance lobby, arguably the UK’s most aggressive, has turned London into the world’s leading centre for international banking and finance by rigging politics to ensure it pockets the fortunes. I should know, I was former Head of Derivatives Product Development at the London Stock Exchange.

Elsewhere in London and around the UK, we see the impact of austerity since the 2008 financial crash. Homelessness, 14 million living in poverty, 1.5 million destitute, food banks and 120,000 dead and counting from austerity policies. The UN reprimanded the Tories for austerity, saying it has inflicted great misery and is driven by a political desire for social re-engineering not economic necessity in the fifth richest country in the world. Academics have called austerity a deadly class war.

The Pinstripe Mafia, more apt than ever given the number of banking scandals and market manipulation crimes outstanding, are responsible for 50% of the Tory Party’s budget. The finance lobby has donated more than £50 million since 2010 to the Tories, and just five wealthy hedge fund backers have collectively given more than £18 million


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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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