Thanks to this Early Day Motion (EDM), which asks for an inquiry into the abuse of power by the City of London, I learned about the Bureau of Investigative Journalism. It writes:
The size and scale of the Financial lobby revealed
Top Story: The £93m City lobby machine. Read more here.
Analysis: The finance lobby faces its biggest challenge.Read more here.
Bureau Recommends: Conviction ‘at all costs’: police cover-up sees verdicts overturned. Read more here.
The financial lobby exposed
In the wake of the Barclays Libor scandal, the Bureau published a four-month investigation into the influence of the City on politicians and regulators.
We revealed, for the first time, the size and scale of the financial lobby in a project published in the Guardian newspaper.
Our work showed:
- The British financial services sector spent nearly £93m lobbying politicians and regulators last year. Read more here.
- 16% of members in the House of Lords are paid by City firms. Read more here.
- A cosy relationship between the financial services industry and its regulator. Read more here.
- How the Square Mile’s local authority, the City of London Corporation, works as a lobbyist. Read more here.
- How the Big Four accountancy firms have given donations of ‘staff costs’ worth £1.36m since May 2009. Read more here.
In the Spirit of the Forum for Stable Currencies