Starmer’s Labour given £4m from Quadrature hedge fund based in Canary Islands

https://www.opendemocracy.net/en/labour-given-4m-from-tax-haven-based-hedge-fund-with-shares-in-oil-and-arms/

Posted by reddit-suave613

10 Comments

  1. They have a billion pound foundation interested in new energy and climate. Its not hard to see them interested in a labour government because of the green agenda. These articles make a song and dance about oil and weapons. The rush to kill uk oil and get government money and planning for green energy is probably more interesting if they want to insinuate buying influence.

  2. Cayman Islands. Not much of a funds industry in the Canary Islands

    And for what it’s worth, most funds are set up in offshore/low tax jurisdictions.it just makes sense.

  3. beIIe-and-sebastian on

    >Electoral Commission records suggest Labour received the donation in the one-week window between former prime minister Rishi Sunak announcing the general election and the start of the ‘pre-poll reporting period’ in which all political donations over £11,180 had to be published weekly, rather than the quarterly norm.
    This means that despite being made on 28 May, Quadrature’s generous donation was published by the Electoral Commission only last week, more than two months after Labour won the election.

    Wow, what fortuitous luck that the donation was made within a one week window before the reporting rules changed so it wouldn’t be reported on until now and after the election.

  4. Where was all this scrutiny when the Tories were in power? It’s only near the end when it was clear they were going to lose we started seeing these stories, could they be any more obviously anti Labour

  5. I might be insane but isn’t £4m fuck all compared to what the Tories received while in power?

    Of course it’s all dodgy but it seems disingenuous to not at least mention it…

  6. Here’s the thing.

    People are whinging about corruption this and corruption that but if someone offer to “donate” £4m to you. Are you going to say no? Of course not.

    I understand these sorts of “donations” can be used to curry favour otherwise they wouldn’t have been made in the first place.

    The question is are these donations and the resulting favours against public interest or not.

  7. Due_Cranberry_3137 on

    Don’t worry, Kier told us this government won’t be mired by scandals like the last one was… because he’ll just ignore them all