RBS Banker Gave Balls More Cash Than Trade Unions

Labour are making much of the Tories City backing, yesterday during their exchanges George Osborne kicked back mentioning Ed Balls receiving financial backing for his leadership campaign from a “Lehmans banker”.

This struck Guido as more than interesting, particularly as Ed Balls was the City Minister in government. A close look at the donations shows besides Ken Follett the one of the few individuals donating to Ed’s campaign was indeed a banker. Michael Sanzone worked at Lehman Brothers before becoming a director at RBS. He gave £2,500 on August 25 last year and then another £2,500 donation 2 days later on August 28. Oddly a Mark Robertson gave exactly the same amounts on the very same days and gives the same address as Michael Sanzone. So Balls received £10,000 from one address over 3 days divided into 4 smaller payments, making this one house in Islington a bigger source of funds for his leadership campaign than any trade union. It is almost as if someone wanted to disguise the total amount given and the source…

UPDATE: Comments point out that Trevor Chinn of private equity firm CVC gave £3,000 to Balls. Evil City backers anyone?




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