“No Hiding Place For Hedge Funds” Says Hedgie-Backed Eddie

Ed Miliband was taking voters in Pendle for fools this morning:

“Under my government, there will be no hiding place for the hedge funds.”

That’s the same Ed Miliband whose campaign for the Labour leadership was funded by a Mayfair based hedge fund trader.

As Guido revealed in March:

“Ed, desperate to beat his brother David, quietly took £27,000 from GLC, a billion dollar Mayfair hedge fund run by the Cambridge educated maths genius Lawrence Staden. Staden also gave another £100,000 of his profits to the Labour Party – £80,000 to Labour HQ, £10,000 to the ultra-marginal Eltham Labour Party and another £10,000 to neighbouring Greenwich and Woolwich, the constituency which includes his £3 million home in affluent Blackheath.”

What’s more, one of Labour’s biggest non-union donors under Miliband has been Martin Taylor, another hedgie, who has given a whopping £600,000. “There will be no hiding place for the hedge funds” under Miliband. Except when they hide their money in the Labour Party’s coffers..




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Quote of the Day

IDS responds to Juncker’s pints analogy earlier:

“Mr Juncker knows a little bit more about the bar than perhaps many of us do.”

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