Thursday, 10 January 2008

Fidelity's Tory donations have been raised in parliament

Hat tip to a contact at a fund management house (not Fidelity obviously!) for alerting me to this. Fidelity's donations to the Tories were cited in the debate on political funding in the House of Commons back in December. The donations were actually raised by a Lib Dem MP called David Heath. See this page in Hansard from 4th December (you'll need to scroll down).

When we are considering ethical issues and investments, I can give another example. I invite the Conservatives to take this one seriously, because it relates to them. They have received a series of donations from a company called Fidelity. The last such donation was for £25,000 in July. Fidelity deals with those who are creating the circumstances of genocide in Darfur. Darfur is a matter of great interest to hon. Members on both sides of the House and the Leader of the Opposition has often spoken about that issue—

On a personal note, me and the Mrs have agreed that we are going to move our money elsewhere, and I've emailed our financial adviser to arrange for a chat about who we should invest with instead (any fund managers reading this feel free to pitch for the business by leaving a comment!).

UPDATE: I've also spotted that Fidelity hosted a meeting of the Enterprise Forum - a Tory business liaison group - in Feb last year. See this bit.

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