Tuesday, July 10, 2012

Revealed: the City of London's £93m lobbying machine

The Bureau of Investigative Journalism has published a profoundly important new study, which we believe will be a reference point for many people studying the UK Financial Services industry in the years to come.

The study summarises its research:

The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy victories.
We can't do better than to urge you to read it, and the associated articles. We understand the Bureau will be adding further studies to this in due course.

The latest study comes in several parts:

Headline article: The £93m City lobby machine

Streets paved with gold: The council that works for banks. An in-depth look into the City of London Corporation.

BBA’s ‘secret’ meetings with ministers. On the British Bankers' Association

Get the data: The Bureau’s financial lobby database

How the Bureau calculated the size of the finance lobby

The articles also link to earlier TBIJ reports, highlighting facts that hedge funds, financiers and private equity firms contributed more than a quarter of all donations to the Conservative party in the past year

Insurance lobby weakens pension plan for low paid

Opinion: The finance lobby faces its biggest challenge


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