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How underrated chancellor Alistair Darling helped weather financial crisis

TheGuardian

Labour politician, who has died aged 70, faced toughest challenge of his career when economy crashed in 2008 Full report: Alistair Darling dies aged 70 Tributes paid to former chancellor – business live UK politics live – latest updates Alistair Darling spent three turmoil-filled years as Gordon Brown’s chancellor but the crunch came in October 2008 (..)

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Paul Myners, ‘tower of strength’ in financial crisis, dies aged 73

TheGuardian

Former Labour minister, City grandee and chair of Guardian Media Group, hailed by Gordon Brown Paul Myners, the City grandee and former Labour minister brought in to government to tackle the 2008 financial crisis, has died at the age of 73.

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Rachel Reeves explains why Labour will not re-instate cap on bankers' bonuses – video

TheGuardian

The shadow chancellor, Rachel Reeves, says Labour would not reinstate a cap on bankers' bonuses, to ensure stability for businesses operating in the UK. Reeves said the former chancellor Kwasi Kwarteng's decision to lift the measure – introduced after the 2008 financial crisis – was the wrong priority, but she defended her party's U-turn.

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JP Morgan hires Chuka Umunna for senior sustainability role

TheGuardian

The 42-year-old former Labour MP is given European position by US bank The former high-profile Labour politician Chuka Umunna has been hired by the US bank JP Morgan to lead its European environmental, social and governance (ESG) work.

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As in 2008, this crisis will bring winners and losers. This time, let's get it right | Carys Roberts

TheGuardian

This is a task for progressives everywhere: in society, in our workplaces, in our politics. For Labour, seeking to rebound from a disastrous election defeat, this task will be critical. Related: Millions in UK having to choose between paying rent and eating, poll suggests Continue reading.

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Labour has no intention of reinstating cap on bankers’ bonuses, says Reeves

TheGuardian

Shadow chancellor says party aims to be champion of a thriving financial sector if it wins election Business live – latest updates Labour will not reinstate a cap on bankers’ bonuses if it wins the next election, the shadow chancellor has said.

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Revealed: shares held ‘in secret’ by scores of MPs raise questions about vested interests

TheGuardian

Exclusive: MPs found to hold ‘in effect secret’ stock in listed firms from banks to housebuilders Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares Attorney general and close family hold £130,000 in shares in six FTSE 100 firms Which UK MPs own shares in publicly listed companies?

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