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Barclays Bank, Libor And Republican Donations

EDM number 399 in 2012-13, proposed by Jim Cunningham on 16/07/2012.
Categorised under the topic of Financial institutions.

That this House notes that Republican Presidential candidate Mitt Romney is to host a private fundraising dinner in London prior to the Olympics; understands that according to reports in the Financial Times of 3 July tickets to the dinner are being sold at between $25,000 and $75,000 per head; further understands that the event is being chaired by several senior banking executives and lobbyists; furthernotes that the recently departed Barclays Chief Executive Bob Diamond and other existing senior Barclays executives have played a prominent role in fundraising efforts for the Romney campaign; further understands that at least 15 of Barclays Capital's most senior bankers based in the US have donated the maximum allowable individual donation per election to the Romney campaign; further understands Barclays' Head of Government Policy and Finance group has already raised $927,000 for the Romney campaign; further notes the recent revelation of the destructive role Barclays has played in the international LIBOR-setting scandal; recognises fears that hundreds of thousands of borrowers and mortgage owners in the UK could have been adversely affected; believes that Barclays comprehensively failed to work in the interests ofits customers; furtherbelieves Barclays senior executives continue to not fully appreciate the consequences of the actions and behaviour of the financial sector in causing the global banking crash in 2007-08, which ordinary working people are now paying for; and calls on Barclays and its executives to cease fundraising for political candidates immediately and to concentrate entirely on repairing confidence and trust in the banking system instead.

This motion has been signed by a total of 24 MPs.

MPDateConstituencyPartyType
Jim Cunningham16/07/2012Coventry SouthLabourProposed
Margaret Ritchie16/07/2012South DownSocial Democratic and Labour PartySeconded
John McDonnell16/07/2012Hayes and HarlingtonLabourSeconded
Mark Durkan16/07/2012FoyleSocial Democratic and Labour PartySeconded
Ian Mearns16/07/2012GatesheadLabourSeconded
Grahame Morris16/07/2012EasingtonLabourSeconded
Jeremy Corbyn16/07/2012Islington NorthLabourSigned
Dennis Skinner17/07/2012BolsoverLabourSigned
Kelvin Hopkins17/07/2012Luton NorthLabourSigned
Katy Clark17/07/2012North Ayrshire and ArranLabourSigned
Virendra Sharma17/07/2012Ealing, SouthallLabourSigned
George Galloway03/09/2012Bradford WestRespectSigned
Jim Dobbin03/09/2012Heywood and MiddletonLabourSigned
Jim Sheridan04/09/2012Paisley and Renfrewshire NorthLabourSigned
Elfyn Llwyd05/09/2012Dwyfor MeirionnyddPlaid CymruSigned
Ronnie Campbell05/09/2012Blyth ValleyLabourSigned
Steve Rotheram05/09/2012Liverpool, WaltonLabourSigned
Ian Lavery05/09/2012WansbeckLabourSigned
Lady Hermon06/09/2012North DownIndependentSigned
Paul Flynn06/09/2012Newport WestLabourSigned
Mary Glindon06/09/2012North TynesideLabourSigned
David Crausby10/09/2012Bolton North EastLabourSigned
Jim McGovern14/09/2012Dundee WestLabourSigned
Alasdair McDonnell26/10/2012Belfast SouthSocial Democratic and Labour PartySigned

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