Early day motion 399

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BARCLAYS BANK, LIBOR AND REPUBLICAN DONATIONS

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.

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Total number of signatures: 24

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Showing 24 out of 24

Name Party Constituency Date Signed
Campbell, Ronnie Labour Party Blyth Valley 05.09.2012
Clark, Katy Labour Party North Ayrshire and Arran 17.07.2012
Corbyn, Jeremy Labour Party Islington North 16.07.2012
Crausby, David Labour Party Bolton North East 10.09.2012
Cunningham, Jim Labour Party Coventry South 16.07.2012
Dobbin, Jim Labour Party Heywood and Middleton 03.09.2012
Durkan, Mark Social Democratic and Labour Party Foyle 16.07.2012
Flynn, Paul Labour Party Newport West 06.09.2012
Galloway, George Respect Bradford West 03.09.2012
Glindon, Mary Labour Party North Tyneside 06.09.2012
Hermon, Lady INDEPENDENT North Down 06.09.2012
Hopkins, Kelvin Labour Party Luton North 17.07.2012
Lavery, Ian Labour Party Wansbeck 05.09.2012
Llwyd, Elfyn Plaid Cymru Dwyfor Meirionnydd 05.09.2012
McDonnell, Alasdair Social Democratic and Labour Party Belfast South 26.10.2012
McDonnell, John Labour Party Hayes and Harlington 16.07.2012
McGovern, Jim Labour Party Dundee West 14.09.2012
Mearns, Ian Labour Party Gateshead 16.07.2012
Morris, Grahame M Labour Party Easington 16.07.2012
Ritchie, Margaret Social Democratic and Labour Party South Down 16.07.2012
Rotheram, Steve Labour Party Liverpool Walton 05.09.2012
Sharma, Virendra Labour Party Ealing Southall 17.07.2012
Sheridan, Jim Labour Party Paisley and Renfrewshire North 04.09.2012
Skinner, Dennis Labour Party Bolsover 17.07.2012