Unfortunately British Gilts are not considered such a safe bet…
UPDATE :Kevin McGrath is a founder member and equity partner in Foreign & Colonial’s REIT Asset Management, a specialist investment, finance, and asset management company, which currently manages approximately €5 billion of commercial property investments. REIT has offices in London, Germany, Sweden, India and Israel.
In addition tohis directorship with the Trust, Kevin is an Elected Member of Royal Institution of Chartered Surveyors, a former non executive Director of QPR football club, a current non executive Director of two plcís, a Trustee of the GSA Conservatoire, Director of the McGrath Charitable Trust, Trustee and Treasurer of the Lyric Theatre Hammersmith, a Member of Property Investment Forum, and a School Governor of the Ellen Wilkinson School for Girls. Kevin was the Labour Party Parliamentary Candidate for the North East Hampshire constituency at the 2005 General Election.
Source : here.
“… when, to my horror, I discovered the problem, I went straight to the commission, and also told the media. There was no exposure by tabloid or political opponents. It was me who outed me …”
Hold on a second Peter, didn’t you tell the press last April:
“I have felt since February last year and throughout the course of my deputy leadership campaign and its aftermath that I was increasingly the victim of scapegoating and dirty tricks. Someone has persistently been sending material designed to discredit me to the right wing Guido Fawkes website. Some of the material has also been sent to the Western Mail…. There has been a concerted attempt to get the Guido Fawkes website to run damaging stories about the campaign.”
Printing the truth is such a “dirty trick” isn’t it?
Guido knew his accounts were fishy as early as May 2007 and revealed on the morning of Dec 3, 2007 details of an undeclared donation, Guido contacted Hain’s SpAd Joe Carberry with the details, later that afternoon Hain went to the Electoral Commission.
So when Hain says there was no exposure by opponents and he outed himself he is not only being untruthful, he is contradicting himself. If Guido and the Guardian’s own David Hencke, hadn’t been digging relentlessly I very much doubt Hain would have come clean.
Peter is very keen to rehabilitate himself and to that end is peddling another myth: that he was cleared. He wasn’t cleared, he just was not prosecuted. Not proven guilty is not the same as innocent.
David Hencke expressed surprise yesterday that no one could be held responsible for undeclared donations totalling £100,000, half of which came from the mysterious Progressive Policies Forum.
Phil Taylor, the former Hain SpAd who quit working for Hain after Guido exposed him working on the leadership campaign at the taxpayer’s expense, had a revealing Facebook exchange last week which deserves wider circulation:Sleazy lobbyist Steve Morgan is desperately trying to put the blame on Phil Taylor for unreported donations that arrived after he had quit the campign. If Hain couldn’t be charged as the regulated donee, surely Steve Morgan, who took over as campaign manager after Phil Taylor resigned, should be held responsible. His office collected the cheques and he was the campaign manager.
Hain is already trying to portray himself as an innocent victim of his underlings incompetence, despite legally the buck stopping with him. He clearly needs someone he can trust and rely on in his personal office. Just as well he “employs” his 80 year-old mother at the taxpayer’s expense to look after his interests, such a shame she never actually visits his office…
There is no available remedy under international law. The Americans have had some success with offering multi-million dollar rewards – they found Uday Saddam Hussein in that way and dealt him justice the same day. Perhaps a humanitarian minded African billionaire might be that way inclined, failing that, what is Ross Perot doing nowadays?