6 days ago

Not saying anything racist isn’t enough

Is it time to anonymise CVs to stamp out unconscious bias against BAME people in the financial services industry? Could banks and financial institutions bring in a “Rooney rule”, as in American football, whereby people of colour must be on the interview list for senior jobs? Should  responsibility be shouldered by white “allies” to promote ethnic diversity rather than leaving the battle to be fought by BAME colleagues? Those were…

2 months ago

Return of the Mac

Labour in the City were delighted to host a virtual Q&A between the newly appointed Shadow City Minister Pat McFadden MP and more than 70 of our members.  Pat provided an insider view on how the Labour Party is changing under Keir Starmer’s leadership, the type of relationship he wants with the City and Labour’s role championing wealth creation, as well as answering questions on a range of topics. For…

3 months ago

Starmer must beware of praise from our enemies

Thoughts on the election of Keir Starmer as Labour Leader from our COO There’s been a sigh of relief from many moderate Labour Party members at Keir Starmer’s election as leader. Disconcertingly, though, that relief has also been expressed across the political aisle in a cosy mood of establishment collaboration. George Osborne has taken to the airwaves to welcome a return to sensible opposition. Sajid Javid is looking forward to…

6 months ago

Labour’s future with business and the city

Thoughts from Labour in the City Chair, Sophia Morrell, following the General Election.   We are just three weeks out from Labour’s most disastrous election result since 1935 and there have already been many thousands of words offered on what went wrong. Where I’d like to offer a perspective is on Labour’s approach to business relations and wider economic policy. Renewing both of these in tandem will be critical to…

7 months ago

Not all doom and gloom

Thoughts from Labour in the City Membership Officer, Dave Clarke, on the General Election. The election result was obviously bad, but the evidence suggests that a progressive majority is possible. The result was widely heralded as a triumph for the tories, but their vote share only increased by 1.2% over the result of the 2017 general election under Theresa May’s leadership. In 2017 the combined share of the Tory and…

7 months ago

Listen to the many, not the few

Reflections on the General Election from our Vice Chair, Bilal Mahmood Anyone who tries to give you a hot take about this election with one simple answer is selling you a dud. Part of the reasons behind our defeat have arguably been generations in the making. The fall of the red wall certainly happened on Jeremy’s watch, but even his most ardent critics would begrudgingly admit it wasn’t all down…

7 months ago

Post 12 December – Where do we go from here?

Some reflections from LITC Treasurer, Christian Mole Whilst Jeremy Corbyn is correct in saying that a period of reflection is needed, the danger is that this morphs into excessive navel gazing: the reality is quite simply that we need to start thinking properly about what the electorate wants, rather than the socialist fantasyland that we seem to have targeted in an policy programme which by the time election day came…

7 months ago

There’s no such thing as a free lunch

Post general election thoughts from Labour in the City Secretary, Nick Smith. This is the first time I’ve ever felt bad voting Labour.  There are many reasons for this but mainly because of what the party has come to represent, and how it’s no longer a viable candidate to run the country. I’ve seen the party change considerably in the past few years.  While we’re good at recruiting activists this…

7 months ago

Desperate policies drowned out good ideas

Reflections on the general election from Labour in the City COO, Andrew Clark The binary nature of the bitter, hungover post-election argument in the Labour Party is dispiriting. Was it Brexit that lost it for us? The unpopular leader? The hostile media? An over-ambitious manifesto? Of course, it wasn’t one of these things – it was a bit of each. On Brexit, personally, I don’t blame the leadership for settling…

10 months ago

The trouble with bonuses

Over lunch with the Financial Times, John McDonnell fired a warning shot over bankers’ “grotesque” bonuses this weekend, pledging a consultation on ways to limit the size of payouts. “It’s become part of the [City] culture and it is so separate and distinct and isolated from the rest of the real-world economy and that’s why people are offended by it,” said the Shadow Chancellor, who is looking at options ranging…

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