Starmer’s Labour given £4m from Quadrature hedge fund based in Canary Islands

13 comments

1. They have a billion pound foundation interested in new energy and climate. Its not hard to see them interested in a labour government because of the green agenda. These articles make a song and dance about oil and weapons. The rush to kill uk oil and get government money and planning for green energy is probably more interesting if they want to insinuate buying influence.

2. Cayman Islands. Not much of a funds industry in the Canary Islands

   And for what it’s worth, most funds are set up in offshore/low tax jurisdictions.it just makes sense.

3. >Electoral Commission records suggest Labour received the donation in the one-week window between former prime minister Rishi Sunak announcing the general election and the start of the ‘pre-poll reporting period’ in which all political donations over £11,180 had to be published weekly, rather than the quarterly norm.
   This means that despite being made on 28 May, Quadrature’s generous donation was published by the Electoral Commission only last week, more than two months after Labour won the election.

   Wow, what fortuitous luck that the donation was made within a one week window before the reporting rules changed so it wouldn’t be reported on until now and after the election.

4. Bribe offered to the government. Good job the adults are back in charge.

5. They are all the same, look after one no1 and friends and screw the country

6. Where was all this scrutiny when the Tories were in power? It’s only near the end when it was clear they were going to lose we started seeing these stories, could they be any more obviously anti Labour

7. I might be insane but isn’t £4m fuck all compared to what the Tories received while in power?

   Of course it’s all dodgy but it seems disingenuous to not at least mention it…

8. “Starmer’s Labour” press really going hard on the Starmer smears lol

9. Here’s the thing.

   People are whinging about corruption this and corruption that but if someone offer to “donate” £4m to you. Are you going to say no? Of course not.

   I understand these sorts of “donations” can be used to curry favour otherwise they wouldn’t have been made in the first place.

   The question is are these donations and the resulting favours against public interest or not.

10. Don’t worry, Kier told us this government won’t be mired by scandals like the last one was… because he’ll just ignore them all

11. Oh, Open Democracy, that fair and balanced organ and definitely not a rabid lefty rag. Weird how they forget to mention the donations from Unite, GMB, and UNISON showing that Starmer is clearly in the pocket of trade unions. That’s how it works, right? Make a donation and get a transactional response? Or that Chinn has been a long time supporter of the Labour party and isn’t just some kind of tycoon who donates to whoever is in power that can do him favours.

12. I wish companies would stop using mathematical terms for their names that are completely unrelated to their bribing business!

13. Man, it’s like the UK press woke up this week and decided the concept of political donations is evil. Every party has had large political donations for as long as democracy has been a thing. This is such a nothing-burger article. There was £55 million worth of donations to parties across the 2024 UK election. Of course labour were going to get large political donations, that’s what happens when you’re a popular political party.