The latest former New Labour minister to pass through the revolving door from government into banking is Ruth Kelly. The former Treasury minister, Education Secretary, Transport Secretary and Communities Secretary should have plenty to bring to the board table at HSBC, Britain’s biggest bank. Ms Kelly, MP for Bolton West for 13 convenient years, will review City reform and consumer protection after becoming a managing director in the bank’s corporate development team – salary and bonuses undisclosed. In a statement, she said she declared that she would not be bringing any political agenda to her new role. Shame she couldn’t have done Labour the same favour.
The only place you can read all of Tribune's articles as soon as they are published is in the magazine. To find out more about subscribing from as little as £19, click here.
