Benn Backed by International Capitalism

Guido is still reeling from the news that the grandson of the socialist Viscount Stansgate has a large portfolio of stock market investments. Now he discovers that his campaign is backed by the profiteering of international capital. Hedge fund manager Gilad Hayeem of Lehman Brothers backed Marble Bar Asset Management (Cayman) has contributed £5,000 to Hilary Benn’s campaign (slogan “voice of the grassroots”). Tony Benn wanted to nationalise top banks, his son takes campaign donations from them.

Guido can personally vouch for the rum nature of these hedgie types. Still trying to figure out if this is a case of a capitalist financing the rope to hang himself, or of a socialist selling out. With a billion dollars under management Gilad can spare the cash. However, how idealistic Benn backers will view his campaign being financed indirectly by investors in Erongo Energy – a uranium miner in Namibia with interests in oil – is hard to say. All ethical presumably…



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John McDonnell tells the Gallery/Lobby lunch what the priest told him to do…

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