City donations worth £15m raise concerns over influence on UK politics
The Guardian says concerns have been raised over the City’s influence on Westminster, after a report found financial firms and individuals tied to the sector donated £15m to political parties and gave £2m to MPs during the pandemic.
The campaign group Positive Money tallied the gifts, expenses and donations handed to MPs, peers and their parties, as well as the value of income from politicians’ second jobs, saying it contributed to finance’s “oversized influence” on policymaking.
It found banks, insurers and lobby groups held a “disproportionate” amount of meetings with the Treasury, accounting for a third of minister meetings in 2020 and 2021, and argued that led to favourable policies such as deregulation, and an economy that was “structurally reliant” on the City of London.
………………
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic
