Is the Bank of England fit for purpose? That was the topic for a Labour in the City discussion hosted by Cicero which provoked a vigorous debate from our expert panel. The Labour Party is openly calling for a change to the Bank’s mandate, by adding a target of improving the nation’s stubbornly slow productivity by 3% annually, alongside inflation targeting and promoting financial stability. The idea of this shake-up…

To mark the tenth anniversary of the global financial crisis, Labour in the City launched an anthology of writing on the future of the financial services industry at a reception at London’s Guildhall with Alistair Darling, the former Chancellor of the Exchequer. More than 150 Labour in the City members heard Lord Darling offer his recollections on his role in stabilising the UK economy at the height of the banking…

By Sophia Morrell, Chair, Labour in the City Ten years on from the financial crisis, both the media and City are replete with perspectives on the crisis. However, none takes so profound a journey as The Lehman Trilogy into the genesis of an institution which is the emblem of a sector that lost its way. The play, written by Stefano Massini and playing at the National Theatre until October 20th,…

7 June 2018, marks the 50th anniversary of the strike by 187 female sewing machinists at a Ford car factory seeking sex equality, a story that inspired the 2010 film ‘Made in Dagenham.’ The strikes led to a meeting with Barbara Castle, then Employment Secretary, to discuss recognition and inequality of pay for females and, two years later, led to the inception of the Equal Pay Act 1970. Further developments…

All the President’s Men When a colleague and I were discussing the salubrious goings-on at the President’s Club dinner revealed by the Financial Times, the 22-year old parliamentary researcher in our office raised his head and said “What? Is that a real thing?” I too would have assumed we were talking about a Mad Men episode. In the past four years I’ve worked on different projects with Labour in the…

Bagpipes, The General Election and Snapchat – In Conversation With Iain McNicol Last week saw the latest Labour in the City Event, ‘In Conversation with Iain McNicol’, the General Secretary of the Labour Party, at Newgate Communications who were splendid hosts. Labour in the City Chair, Sophia Morrell, led the conversation with Iain and first up was a delve into his twitter bio. Specifically who was the better bagpipe player,…

Labour in the City has launched its Facebook page: http://www.facebook.com/labourinthecity/   Like our page to see the latest viewpoints and news!

Chuka Umunna’s speech to LiTC this week had a huge amount of coverage in the press. He took on Vote Leave, Zac Goldsmith’s mayoral campaign and had something to say about the importance of a mixed industrial policy. The quote which dominated the news was ““The Tories have resorted to running a nasty and openly Islamophobic election campaign against Sadiq Khan that would make Donald Trump proud.” Well, he’s not wrong. But just as…

Thank you to everyone who joined us for the SME4Labour and Labour in the City fundraiser for Sadiq Khan. LiTC was represented in excellent numbers. It was a hugely enjoyable evening – and thanks to the generosity of Ibrahim Dogus, who hosted the evening for free at his Troia restaurant in Waterloo – every penny of the money raised has gone to Sadiq’s campaign. Sadiq used his speech to make it clear that…