A LABOUR-CONTROLLED is being urged to invest part of it £250million pension fund overseas because of the “political risk” of Jeremy Corbyn becoming Prime Minister.
Camden Council said it was warned by a fund manager that “a potential future change of government” could lead to a “sharp repricing of assets due to concerns over renationalisation”.
The local authority said London CIV told them it would be “imprudent” to expose their investments to a Corbyn administration and suggested moving some cash overseas to prepare for this happening.
But the firm, which manages £5billion of assets, said the advice in the document, entitled “infrastructure asset allocation”, had been misinterpreted.
Its chair Lord Kerslake, the former head of the civil service, told The Times it should not be seen as a predication there would be a change of government.
He said: “This was simply a misunderstanding. We do not have that as a position. We are simply not taking a view on a change of government or the current government being re-elected.”
MOST READ IN POLITICS:
A spokesman for London CIV said: “London CIV is responsible for investing significant sums on behalf of the boroughs and therefore has a duty to consider all potential risks.
“In carrying out this duty, we are in discussions with all boroughs as to consider all risks which might potentially impact on infrastructure.
“These discussions are ongoing and the London CIV is continuing to debate with its members the shape of its infrastructure strategy. No decisions on this strategy have been made.”
And Camden Council added: “Viewing other organisations’ reports in no way reflects either our endorsement of or our opposition to any political party’s policies and no decisions were made at the meeting, or subsequently, regarding changes to our future infrastructure investment.”
Jeremy Corbyn launched Labour Muslim group headed by activist who claimed ‘Israel has no right to exist’
JEREMY Corbyn was on hand to help launch the new Labour Muslim Network last night – but the group is headed by an activist who claimed “Israel has no right to exist”. Ali Miliani has previously had to apologise after suggesting Jewish people were “stingy” and said Israel is “a land built on ethnic cleansing”. […]
JEREMY Corbyn was on hand to help launch the new Labour Muslim Network last night – but the group is headed by an activist who claimed “Israel has no right to exist”.
Ali Miliani has previously had to apologise after suggesting Jewish people were “stingy” and said Israel is “a land built on ethnic cleansing”.
The vice president of the National Union of Students posted on Twitter pictures of himself with Mr Corbyn in Parliament last night, along with the Shadow Chancellor John McDonnell and Labour MPs Dawn Butler and Rupa Huq.
The new group advertises itself as “an inclusive organisation supporting British Muslims’ engagement in the political process and with Labour, based on our shared values of social justice and equality”.
A host of other MPs were in attendance, including Karen Lee, Kate Green, Karen Buck, Naz Shah, Tam Dhesi, Afzal Khan and Wes Streeting.
But Mr Milani, whilst a student at Brunel University, posted a tweet which read: “Nah u won’t mate it will cost you a pound #jew.”
It was revealed earlier this year as he ran for his NUS role that he had also sent a message stating that “Israel has no right to exist”.
He also said: “Israel is a land built on ethnic cleansing and colonialism.
“Oppression is something your people should know about.”
And he also responded to a tweet by Piers Morgan by calling him “a Zionist”.
MOST READ IN POLITICS:
After facing uproar from other students he told the Tab university news site: “I have apologised unreservedly for these comments before and I do so again.
“They do not reflect how I see the world today.
“These tweets are from an incredibly long time ago – when I was 16 to 17 years old. It’s unacceptable, I know that now. Education taught me that.”
Left-wing protesters leave a coffin outside Tory MP’s office in vile threat
JEREMY CORBYN today faces angry demands to condemn vile Labour supporters who left a full-size coffin outside a female Tory MPs office. Totnes MP Sarah Wollaston said it was shocking that a party that lost the murdered Jo Cox would condone such “crass” behaviour. The local Labour party encouraged its members to join a protest […]
JEREMY CORBYN today faces angry demands to condemn vile Labour supporters who left a full-size coffin outside a female Tory MPs office.
Totnes MP Sarah Wollaston said it was shocking that a party that lost the murdered Jo Cox would condone such “crass” behaviour.
The local Labour party encouraged its members to join a protest against NHS cuts – but is now embroiled in a furious row after protesters left a coffin outside her constituency office.
Around 300 demonstrators carried the prop through the town, stopping at the MP’s office and leaving it outside then taking pictures.
Ms Wollaston fumed: “The crass insensitivity of delivering a coffin effigy to a woman MP seems to have passed some people by.
“My office has already been repeatedly targeted with aggressive vandalism by those who can’t abide reasoned debate and want to make it harder for people to access their MP.”
And in a direct attack on Mr Corbyn, Ms Wollaston said: “My message to Labour, who were part of Saturday’s march and encouraged people to join it, since sadly this does not appear to be obvious, is that you cannot preach about ‘gentler politics’ and allow someone to leave a coffin at my door.”
Labour MPs also slammed the activists who left the coffin. Exeter MP Ben Bradshaw angrily told party activists: “Next time, go canvassing.”
Ms Wollaston received support from across the political spectrum after her ordeal.
MOST READ IN POLITICS
Ben Bradshaw, Labour MP for the nearby seat of Exeter, wrote on Twitter: “Memo to any @UKLabour members at this event: @sarahwollaston fights tirelessly for NHS and Social Care as @CommonsHealth chair.”
Theresa May ordered an inquiry into the abuse suffered by politicians after dozens of MPs and candidates reported a torrent of vile threats during the General Election campaign.
Mr Corbyn has been accused of not doing enough to crack down on threatening tactics used by hard-left trolls.
Who is Kezia Dugdale? I’m a Celebrity 2017 star and ex Scottish Labour leader who was second to leave the jungle
KEZIA Dugdale is a Labour Member of the Scottish Parliament and former leader of Scottish Labour. She stood down as leader in September 2017 but remains an MSP for Lothian – and controversially joined I’m A Celebrity 2017. She was second to leave the jungle – get the lowdown on her… Who is Kezia Dugdale and […]
KEZIA Dugdale is a Labour Member of the Scottish Parliament and former leader of Scottish Labour.
She stood down as leader in September 2017 but remains an MSP for Lothian – and controversially joined I’m A Celebrity 2017. She was second to leave the jungle – get the lowdown on her…
Kezia Dugdale was leader of Scottish Labour from 2015 to 2017[/caption]
Who is Kezia Dugdale and when was she Scottish Labour Leader?
Kezia Dugdale was born in Aberdeen in August 1981 and studied law at the city’s university before completing a Master’s in Policy Studies at the University of Edinburgh.
After completing her studies she stayed on in Edinburgh to work at the Students’ Association and the National Union Of Students.
She then began her career in Scottish Labour, working on elections and in parliamentary offices.
Dugdale was elected to the Scottish Parliament in 2011 for the Lothian region.
She became Deputy Leader of Scottish Labour in 2014 under Jim Murphy, who sat in Westminster.
She took over from Mr Murphy after Labour’s disastrous General Election saw him lose his seat.
Ms Dugdale voted for Yvette Cooper in the Labour Leadership contest following Ed Miliband’s resignation and supported Owen Smith when he challenged Jeremy Corbyn for the leadership the following year.
On August 29, 2017, Dugdale resigned as leader of Scottish Labour without citing a specific reason.
She will miss the Budget and leave her constituents without access to their representative for weeks.
A source said: “This signing is bound to annoy a lot of taxpayers. Kezia is going to be unable to perform her day job and serve her constituents for several weeks while she’s in the show.
“It might be good publicity for her, but there’s some who will think it’s not so good for the Labour party.”
Who is Jenny Gilruth?
Jenny Gilruth is a Scottish National Party MSP for Mid Fife and Glenrothes who was elected to Holyrood in 2016.
She began a relationship with Kezia Dugdale in 2017.
Ms Gilruth was born in Fife and studied sociology and politics at the University of Glasgow.
She worked as a teacher before she stood for election.
latest jungle news
When is I’m A Celebrity back on TV?
I’m A Celebrity 2017 continues tonight on ITV at 9pm.
The show usually runs for three weeks.
You can catch up with any missed episodes on ITV Hub.
Bizarre2 months ago
Bromans star Brandon Myers challenges Love Island’s Chris Hughes to penis competition saying his nine-and-a-half member is bigger
Celebrity1 month ago
Lucy Pinder looks gorgeous in pictures from her 2018 calendar
Christmas 20173 months ago
John Lewis has unveiled the top 10 toys for Christmas 2017… and they could just break the bank
Celebrity3 months ago
Who is Nermina Pieters-Mekic? New star of Real Housewives of Cheshire and wife of Stoke City ace Erik
Bizarre2 months ago
Ex-Strictly stunner Ola Jordan sizzles in red swimsuit on holiday with husband James in Greece
Celebrity3 months ago
Who is Rachel Lugo? Real Housewives of Cheshire star and property pro – what you need to know
Health3 months ago
Women will cry six times a month on average – TWICE as much as men
Money3 months ago
We reveal our guide to organising a kids birthday bash without busting your budget — plus, get a free fiver from our rewards club