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New UK Government To Be Infested With Bankers
One in ten new MPs has background in international
banking
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No matter which parties eventually form a coalition to govern
in the UK following last week's general election, one thing
is for certain - the House of Commons will be infested with
bankers.
A
report by the PR group The Madano Partnership,
highlighted today in the London
Telegraph outlines the fact that the number of
MPs with a financial services background has increased two fold
over the past thirteen years.
One in 10 new MPs have come from a career in investment banking,
fund management, or other areas associated with the financial
sector, according to the report.
The roll call of MPs includes three former directors of Barclays
Bank, a former managing director of JP Morgan, and a former
mergers and acquisitions banker at Goldman Sachs.
Former investment bankers and economists at Deutsche Bank,
Barings, Warburg, and the previously bailed out Lloyds TSB also
hold seats.
Conservative MP Jacob Rees Mogg also previously held management
positions at Rothschild and Lloyd George Management in London.
With the impending push to radically reform the banking industry,
these are the heavy hitters likely to be in the driving seat
when it comes to forming economic policy and tabling financial
legislation.
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