January 13th, 2011

Labour’s Losers Love the City

Guido just took a peek at the rulings of the advisory committee on former ministers’ appointments. For all the city bashing going on this week from the red benches, it seems Gordon’s old lot, especially those advising him on money matters, couldn’t sign up to the financial world soon enough. Working directly for banks or investment firms are:

  • Lord Daviesh – Former Minister for Trade Promotion and Investment
  • Ruth Kelly – Former Secretary of State Department for Transport
  • Lord Malloch-Brown – Former Minister of State Foreign Office
  • Lord Myners- Former Financial Services Secretary
  • Ian Pearson - Former Economic Secretary HM Treasury
  • Jacqui Smith – Former Home Secretary
  • Baroness Vadera – Former Under-Secretary of State Enterprise
  • Admiral West – Former Under-Secretary of State Counter-terrorism

Funny there hasn’t been a big job offer for Brown yet. No bank wants that curse, but there is no problem for those who were around him when he drove the nation’s finances into a brick wall. Underwhelming in government, this lot have not been lapped up for the skills they clearly didn’t display in power, but for their contact books and access. The banker bashing from Labour doesn’t quite ring true when there is a queue forming for the revolving door. Bonuses all round!


  1. 1
    smoggie says:

    Suddenly I feel the urge to go banker bashing.

  2. 2
    el Gordo (Panama) says:

    It all started in America

  3. 3
    Lady Virginia Droit de Seigneur says:

    At least Vadera and Myners worked in the City before boarding the Titanic. After some of Myners’ remarks during the crisis (seemingly oblivious to the fact he was also sticking the knife into his own behaviour) I’m surprised anyone wants to hire him – he must have the dirt on somebody.

    Why anyone in the City would want to hire Smith I don’t know. She was overpromoted and incompetent even in comparison to the other incompetent buffoons in Gordon’s cabinet.

  4. 4
    MFI in administration says:

    We offered mr Brown a job

  5. 5
    East Midlander says:

    I am surprised that Mr Fawkes is surprised. I am amazed that any bank should find it neccessary to hire any of these dead beats, particularly the fat ex dinner lady Smith

  6. 6
    tory boys never grow up says:

    And meanwhile Cameron and Osborne are sticking to their promises to go hard on the City??

  7. 7
    Gordon Brown says:

    I’m making my own bank out of lego.

  8. 8
    streamfisher says:

    Love to know how much they will be getting in bonuses after all that Labour froth and faux outrage in PMQS yesterday.

  9. 9
    Dick the Prick says:

    Jim O’Neil – chair of Goldman was wittering about 20%+ in equity markets this year! That’s gotta be bollox, surely?

  10. 10
    Cross Hairs time says:

    Yep I agree. Until I read Gudo’s post I was neutral but with that shower of sh1t then it’s open hunting season.

  11. 11
    Glyn H says:

    Most of those have some degree of competency albeit the higher the competency the greater the hypocrisy in offering support the the malevolent and incompetent Brown.

    BUT Jacqui Smith? The woman is all but unemployable and should anyway be on a Community Service Order for theft over her housing arrnagememys and stealing £40k pa for that twerp she married.

    As to Vadera the woman is all but illiterate.

    Can we be informed as to who employs these two varmints so that the stench of corruption over possible favours can be quenched?

  12. 12
    Lady Virginia Droit de Seigneur says:

    Hopefully Osborne is spending some of his time tightening up McTwat and Balls’ “light touch” ( for which read incompetent and dangerous) regulatory regime. It will take a long time to repair the damage Gordon Brown and tools like Fred Goodwin, Andy Hornby and Adam Applegarth did to London’s reputation.

  13. 13
  14. 14
    smoggie says:

    There wer no such promises. Are you fucking ignorant? Why would they want to drive our biggest taxpayers into a foreign tax regime except to appease the envy of the looney left>

  15. 15
    streamfisher says:

    I’ve a suspicion he’s really a secret agent for the Vatican.

  16. 16
    eeu to me says:

    It’s obvious both of them are doing what the above lot did,keep their job options open,the only differance is at the moment,they can’t yet be called hypocritical bastards or don’t do as I do do as I say tossers,they can be called posh,camby can be called rusty or cast iron.

  17. 17
    Iraqi Orphan says:

    Is he under oath?

  18. 18
    streamfisher says:


  19. 19

    Much as it is fun to highlight the hypocrisy of the lefties, perhaps a more important question that needs to be asked is why the chuffing hell city institutions are wasting their shareholders’ money by hiring these non-entities?

    Given the near economic disaster they created it can’t be for their financial acumen. As for their supposed value in providing “access”, I very much doubt that the Coalition apparat will grant any former Brownie access to Whitehall toilets let alone the corridors of power. The same goes for their mythical “connections” – they must all be well past their sell-by-dates.

    The only way I can even begin to imagine these expenses are justifiable is if they are actually pay back for services already recieved. But these noble former public servants wouldn;’t do something like that. Would they?

  20. 20
    smoggie says:

    he is expected to take on an ambassadeur type role at the Stadium of Shite.

    If he can make the mackems appealing to the wider world then maybe he is more talented than given credit for. But he should have asked for more than fifty grand – he’s going to have his work cut out.

  21. 21
    eeu to me says:

    Could it be the banks who took Brown’s shilling or fiancial companies who see that as ex members of a very private club who have “friends” of all political colours in places where money is spent for the good of the country you understand,can get the companies a slice of the money cake,so long as the taxman takes his full share from these ex members then all we can call them is hypocrites.

  22. 22
    sockpuppet #4 says:

    An easy answer is that city institutions are run by thicker people than you’d imagined.

  23. 23
    Friend of Google says:

    Ruth Kelly – City sources suggested that she is likely to be on a salary of about £200,000, with the option of bonuses on top if her ideas are adopted.

    Jacqui Smith has been given a job by a firm that won a big contract while she was home secretary in Gordon Brown’s government. http://twitter.com/smithjj62

  24. 24
    Dark Lord says:

    Went to see John Bishop in concert. He has a marvellous line about women –
    “You would, wouldn’t you?……….” He quoted an example of Cheryl Cole who he had recently met on tv. About the pouting Cheryl he said “….no you wouldn’t”.
    With that thought in mind I heard the voice of Nadine Dorris (is the spelling correct?) on the telly this morning. ………….no you wouldn’t!!

  25. 25
    Lord Bollox-Brown says:

    It’s all bollox.

  26. 26
    KPMG says:

    They gave us lots of luvverly contracts worth billions!

  27. 27
    Ed Bastard says:

    It isn’t Brown,it’s bollox.

  28. 28
    Contact Book says:

    Guido has told you the reason. It’s not for what they know but who they know.

    It’s cash for access.

  29. 29
    Ed Bastard says:

    These has-beens don’t have access. This is just whores being paid by their pimps.

  30. 30
    streamfisher says:

    Silly boy, you’ve gone and lost all the Gold bricks again.

  31. 31
    Mili Twat says:

  32. 32
    bbitgu2 says:

    Mossad have planted a listening device in my left tit.

  33. 33
    Don't vote coalition says:

    Blair was paid by JP Morgan and got his son a job there. He bought houses all around for the family on the back of his mass murder, making the country bankrupt, while fulfiling his vanity and greed. His deceipt paid handsomely, not surprised others in his cabinet want the same. Blair needs a criminal and civil trial not chilcot white wash. The man has a lot to account for and should be investigated, prosecuted and locked up. His assets seized while a thorough investigation roots around the offshore companies to make sure his family does not benefit, after all Dr Kelly’s family were deprived of a loved for no good reason one because of him (military families the same). The world would be a safer abd better place without him having his liberty. Campbell, Straw and co should also be subject to a similar investigation or witch hunt like they used to instigate.

  34. 34
    Ed Bastard says:

    Blair is in no way a genuine Catholic,he’s a heretic and an abomination. In a better age he would have been burnt.

  35. 35
    Mike Hunt says:

    Link please, and send it to DC for next week’s PMQs.

  36. 36
    Any Colour as long as it is Red says:

    And Red Ed wonder’s why he is called Red Ed. Just take a look at the colour scheme of his Twat page


  37. 37
    Fubar Saunders says:

    Unlike Broon who got a hard on whenever he was within ten metres of Ludgate Hill, let alone the city….

  38. 38
    retardEd Miliband says:

    I’m going to nationalise it.

  39. 39
    Fubar Saunders says:

    Dunno about Jacqui Smith, but Vadera’s in Dubai, might be a state job for the Emirates… considering they had to get Abu Dhabi to bail them out, she probably feels right at home there…

  40. 40
    Jacqui Smith says:

    Enough to keep my hubbie supplied with p*orn films for a few months, I can tell you.

    Ooh, he loves the sexual exploitation of young women, he does. A true socialist. He makes me so proud.

  41. 41
    Foolish Idealist says:

    Just keep Oldham!

  42. 42
    misterned says:

    This is not any old hypocrisy. This is envy dripping, lie generating, corruption making labour hypocrisy.

  43. 43
    David Miliband says:

    Jesus, even by Twitter’s standards, what an outpouring of utter fucking drivel.

  44. 44
    Tessa Tickles says:

    Alive, and screaming.

  45. 45
    Infanta of Castile says:

    when the truth is what you choose to construct for yourself, being under oath is irrelevant

  46. 46
    Salvador Dali says:

    Fuck off Tat!

  47. 47
    misterned says:

    Or not. he doesn’t use any decent lines or facts that are emailed.

    I have emailed Tory HQ and their web people and Cameron’s email and elsewhere a simple and effective come-back to gave true scale to the size of the deficit.

    Whenever labour mention Black Wednesday, hit them back with

    Short form: “Labour created a deficit the size of a Black Wednesday happening every week”

    Long Form: Black Wednesday was so massive and disastrous for the country, for the Government and this party that people remembered it and we were thrown out of power for 13 years at the 1997 general election. We lost credibility with the media, the city and the public. It was truly a massive and painful crisis.

    Labour have given us a deficit the size of the losses suffered by the Government on Black Wednesday every single WEEK for the last year!

    They must never be considered credible ever again!

  48. 48
    Rambling Sid Rumpole says:

    Bonuses all round!

    Hello mi dearios, the answer to that is easy, make bonuses for directors & persons with a high bonus, say over £2000, only payable in shares and those shares cannot be sold for 5 years imagine the whining and whinging, I know it has been talked about but it has as much chance as a snowball in hell, U-turn Decameron seems give way very easily.

  49. 49
    misterned says:

    Needless to say, Cameron, has never ever used this brilliantly simple clarification and explanation of the scale of the current economic fuck up.

    I am sure that if they showed the scale of this current crisis to be 50+ times bigger than Black Wednesday, then the public would be a bit more understanding of the scale of what needs to be done to fix that mess.

  50. 50
    6EQUJ5 says:

    Jacqui Spliff is at KMPG.

    Ruth Kelly is at HSBC.

  51. 51
    jgm2 says:

    The world would be an even safer and better place if we could send Arnold Schwarzenegger back in time to shoot the fucker in 1996. And Brown.

  52. 52
    One of the Great Unwashed says:

    Could not agree more Ex President Bliar & the Rest of his Criminal Band should indeed be arrested then taken to the Hague’s War Crimes Court, once tried & found guilty, locked up for good with chance no parole. Also agree to confiscate ALL of the offshore registered property he owns in UK.

    Would be great to read , under FOI act, how much money he has accumulated & income tax he’s paid (if any) since resigning (after his expenses claims were shredded)

    NOTE URGENT Interest to Everyone (Guido has not highlight this)

    That well known piece of excrement Aliaster Campbell is being Feted & Interviewed tonight at a CityWire function in the London.

    Click on the link below to read the questions people want answers on plus you can also ask your own.

    Lets not disappoint this turd & ask some real probing questions.

    Of course he will no doubt chose tobe economical with the Truth with his answers but the truth is not part of his character.

    Don’t Delay go ahead & Click Now


  53. 53
    kerching says:

    I hope those who employ Smith are keeping a close eye on the petty cash tin.

  54. 54

    Mothercare want him to advertise their new ten bead abacus
    for the under sixes

  55. 55
    Schnerp says:

    What is remotely newsworthy about members of a political party wedded to our peculiar form banker caitalism working for banker capitalists?

  56. 56
    Tax Payer Joe Public says:

    Ask the excrement aka Alister Campbell your questions NOW

    Click the link below


  57. 57
    Tax Payer Joe Public says:

    Is Jacqui Smith is Now repaying the £100K she filtched from the Public Purse ?

    Needless to say nothing about this News from the left wing biased BBC !!

  58. 58

    Expect another banking crisis soon. I’m withdrawing my overdraft to safer jurisdictions.

  59. 59
    Browns a dullard says:

    ……….if you find the gold bricks and decide to sell them, make sure you tell the markets first……….duh

  60. 60
    Anonymous says:


  61. 61
    Richard Timney says:

    and I will have to go _anker washing when Jacqui renews my TvX subscription. I could learn to like capitalism

  62. 62
    Anonymous says:

    Business seems prepared to employ ex MPs for their ‘experience’ (read – access to power). But what’s the value of a Labour Cabinet Minister after their party has been thrown out of power and they’ve lost their own seat?

    More to the point, what relevant business skills/competences could Jacqui Smith for instance bring? IMO her Parliamentary record is an anti-CV.

  63. 63
    Shriti Vadera, Baroness Vadera, PC says:

    ‘Ere so wut if dey were nod married

  64. 64
    Shriti Vadera, Baroness Vadera, PC says:

    A Caravansaries Deprived Throbs

    A Caravansaries Bred Proved This (with this being an anagram of .. hits of course hits I would not think of another word that can be made of these four letters now would I?)

  65. 65
    Richard Timney says:

    My sister-in-law is working on the story as we speak!

  66. 66
    KMPG HR Department says:

    We employed that lump of lard purely for her useful contacts, since she has no appreciable skills or talent.

  67. 67
    Scamming, the only talent an MP needs says:

    Come on, be fair. She does knows how to fiddle the system and get away with it.

  68. 68
    Greychatter says:

    Follow the Labour Party Line tout for good jobs in the Capitalist City – what could be better for all these Champagne Socialists who have never done a decent days hard work in their political lives.

    Let some other poor sods on the Tory/LibDem benches pick up the flack for Gordon and the rest of his clicks’ disaster.

    Then the left wing councils can start cutting the front line jobs and blaim the new Government.


  69. 69
    Chrystel Knecht says:

    Dear Mr Pump, or may I call you Concrete ..?
    There’s plenty of warning signs, but is there any one in particular which has you spooked? And why the time-line?

  70. 70
    Prince Charles says:

    At the end of the day they are all part of the old boys club red blue or orange old man now go and get me my port Goodfellow

  71. 71
    Chrystel Knecht says:

    sorry, Monica, my mistake. On too many simultaneous blogs …

  72. 72
    wundering says:

    WTF is Jacqui Smith going to be doing? They don’t have typing pools any more.

  73. 73

    That is OK, Mr Knecht. We have sometimes been accused of being one and the same by the trolls but any serious reader would know that is not the case, much as I admire cp and his very forthright style.

    My post was rather inflected with irony because I fled UK’s shores in mid 2007 when I saw the signs of a property/financial/currency crisis. Thank heavens I did.

    I was going to put “withdrawing my money” but then realised it really was not accurate so I used the formulation that my parents used when they introduced me as a child, “The heir to the overdraft.”

    To answer your question, I have calculated that if you tot up every item of UK debt, both corporate and private; then add in all unfunded obligations and all off-balance sheet liabilities, it amounts to a quarter of a million pounds per person.

    Look at the average income, and corporate income combined. I do not see a hope in hell of this ever being repaid, even by our great great grandchildren.

  74. 74
    Rambling Sid Rumpole says:

    Don’t be silly mi deario the bricks were made of paper with a bit of gold looking paint

  75. 75
    Tell it like it really is says:

    Tea lady? (Jacqui Smith)

  76. 76
    J. Gordon Broon MP says:

    Tonight Matthew, I am going to be a fish-slice

  77. 77
    Shriti Vadera, Baroness Vadera, PC says: says:

    Me like Rice and Peas

  78. 78
    jgm2's big Labour apologist button says:


  79. 79

    Exactly the point I was trying to make – they have zero access, their connects are outdated and their economic skillset highly dubious. So why are the shareholders of various institutions being asked to line their already well stuffed pockets?

  80. 80
    red tube says:

    It’s everything here exactly what I was looking for :) I’m so happy that I step in right here.

  81. 81
    George says:

    The bankers cannot be reighed in by anyone and I think it is unfair to blame Gordon Brown for the sitution what has anyone else done about it. David Cameron did talk a lot about what he was GOING to do but they are still getting rewarded for putting the country in the state it is in so what now?

  82. 82
    BobRoberts says:

    The way I see it:

    These firms are paying for services already rendered. The access and favours were provided whilst these scumbuckets were in office. The payment just occurs after they leave… frankly it’s lots of cash to eat a fancy dinner a few times a year whilst not being allowed to actually do anything to the company.

    If the institutions didn’t come through on their side of the bargain then the next generation of elected liars and thieves wouldn’t do as they’re told.

  83. 83
    BobRoberts says:

    These institutions are just paying their debts. This is all about what those people did whilst in office. If they’d been paid at the time then it would be corruption…

    It’s an issue of trust. If the institutions don’t come through with the retirement jobs, then the next set of elected officials might not be so helpful.

    Elegant and simple…

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