Despite what they may have once said in opposition, the Conservatives have done next to nothing to prevent huge bonuses for bankers working for publicly bailed out banks. It is worth noting the party’s increasing financial dependence on the City.
New research by the Bureau of Investigative Journalism reveals that donations from the Square Mile have doubled under David Cameron and now account for more than half of all Conservative funding. As the graph below shows, City donations rose from 24.67 per cent of donations in 2005 (£2.7m) to 50.79 per cent (£11.4m) in 2010.
So why is this important?
Both men have contributed big money to the conservative party.
Fink now serves as the party’s co-treasurer & Magan was a former treasurer and they were both awarded peerages in 2010.
If you are still failing to connect the dots, then let me help you out.
Individuals such as these can buy power and influence over politicians and political parties, as I mentioned in yesterdays post “British Political Cross Party Collusion & Corruption”
Their cash entitles them to membership of the Conservative Leader’s Group.
Membership of this group allows numerous opportunities to meet “David Cameron and other senior figures from the Conservative Party at dinners, post-PMQ lunches, drinks receptions, election result events and important campaign launches.”
In effect it’s the ultimate return on a loyalty card, you shop with us and in return the points accumulated will get you into the House of Lords.
Can you honestly believe that there will be any sort of reform to the banking system, when bankers control the purse strings of the government?
When you have individuals from an elitist background, who are palpably their to serve their own interests above those of the people they are supposedly their to serve, then what kind of a democracy do we really have?