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Today we learn the HMRC is ditching its crackdown on private equity tax. It just happens that Starmer's political director Luke Sullivan joined the political lobbying firm Headland in 2024. Headland represent BVCA, the British Private Equity & Venture Capital Association.
#LabourLobby #RevolvingDoor
Ft.com headline from today 'HMRC ditches crackdown on private equity tax UK tax authority rows back on changes to whether limited liability partners can be seen as employees' ' Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/971f552a-c566-4735-b7aa-1505f09ee151 After industry lobbying and as the UK government seeks to reset relations with business after a backlash caused by the Budget in autumn, HMRC contacted several professional bodies earlier this month confirming it intended to reverse course. “The amended guidance will, in effect, reverse the changes that were made in February 2024,” HMRC said in the email, which has been seen by the Financial Times. The change was welcomed by the British Private Equity & Venture Capital Association and the Chartered Institute of Taxation." https://www.ft.com/content/971f552a-c566-4735-b7aa-1505f09ee151 Linkedin page showing Luke Sullivan as Director of Public Affairs at Portland. Previously he was in the Labour party for 14 years, most recently as Political Directr, Leader of the Opposition since 2021. https://www.linkedin.com/in/luke-sullivan-217254210/?originalSubdomain=uk From BVCA's website: 'The British Private Equity & Venture Capital Association (BVCA) has been the voice of private capital in the UK for four decades. We support our members to help companies grow and achieve their long-term ambitions, creating value for the country both economically and socially.'
February 18, 2025 at 10:57 AM
labourrightwatch.bsky.social
"The “fingerprints” of business are all over Labour’s policies, shaped as they were through an unprecedented level of engagement with corporate lobbyists, financial institutions and business groups" by Ethan Shone. #LabourLobby
www.opendemocracy.net/en/dark-mone...
Lovebombed by lobbyists: How Labour became party of business
An openDemocracy investigation reveals the secretive mass lobbying campaign that shaped Starmer's policies
www.opendemocracy.net
February 15, 2025 at 12:02 PM
labourrightwatch.bsky.social
The lobby firm with links to Starmer's right wing Labour clique lobbies for Raytheon, Drax, Heathrow. #LabourLeaks connection too. #LabourLobby
bsky.app/profile/corb...
labourrightwatch.bsky.social Exposing the Labour Right 🥀✊🇵🇸 @labourrightwatch.bsky.social · Feb 14
5654 & Co must be one of the UK's least ethical lobbying firms when it comes to who they accept as clients. Drax, Raytheon, Coca-Cola, McDonald's, private water, private equity and a few airport-related firms plus Heathrow and one of the freeports.
Full of Labour and Tory ex-staffers... of course.
Clients (2023-24) of 5654 & Company, a corporate lobbying firm. Partners include ex-Labour staffers Simon Jackson and Cameron Scott (both implicated in Labourleaks leaked report of 2020): Affinity Water Ltd (private water supply co-owned by a consortium of Allianz, HICL and DIF Tamblin) Heineken Ardian France (formerly Axa Private Equity) Last Energy Association of British Insurers Mansford LLP (private equity / real estate) Big Society Capital (part of David Cameron’s Big Society initiative) McDonald's Civil Aviation Authority Melrose Plc (arms manufacturer, parts) Coca Cola Microsoft Coca-Cola Europacific Partners Motor Insurers' Bureau Cundall Johnston & Partners LLP Mulberry Developments DCC plc (private equity) National Grid ESO Drax Group NATS PLC Ltd (Air Traffic Control Services) East Midlands Freeport Ove Arup & Partners Limited (architectural and engineering services inc airport planning and design) Emas Pharma Limited (owned by private equity firm Kester Capital) Rail Partners (represents private rail companies) ERS Genomics Raytheon UK (major arms manufacturer. Supplies Israel) Galliard Homes (one of the housebuilding firms accused of making more money from the post Grenfell cladding safety schemes than they have invested) Sainsburys Grant Thornton (large accounting firm). Sefar AG (produces materials used in pharmaceutical and food industry). Haribo and HARIBO Dunhills Pontefract PLC. St Modwen Properties Heathrow Airports The Civil Aviation Authority. Clients listed on PR register at: https://orcl.my.site.com/CLR_Public_Profile?id=0014J00000R9DfyQAF
February 14, 2025 at 1:17 PM
labourrightwatch.bsky.social
Ex-Labour staffers that are now partners at 5654 & company include Simon Jackson and Cameron Scott (pictured below) and Vanessa Bowcock (who led the charge to stuff Labour's coffers with donations from millionaire corporates. 👇
#LabourLeaks #LabourLobby
photos of Simon Jackson and Cameron Scott of 5654. "The Tory party’s desperate battle is a far cry from the recent successes of Labour’s “quite small but excellent” fundraising unit, led by Blairite figures who left the party under Jeremy Corbyn’s leadership but have since returned. They include Lord Waheed Alli, who is spearheading efforts to fulfil Starmer’s desire for private donations, Lord Michael Levy, whose Blair-era fundraising earned him the nickname ‘Lord Cashpoint’, and Vanessa Bowcock, Blair’s former ‘high-value fundraising’ manager." By Harriet Symonds and Tali Fraser 20 June 2024 https://www.politicshome.com/news/article/tory-party-desperate-battle-stop-donors-fleeing-reform
February 14, 2025 at 12:18 PM