Hedge Fund Labour: why is the party of the NHS now receiving money from private health investors?

In Whose Interests?

Keir Starmer and Wes Streeting among Labour MPs with funding from private health donors

During 2015-2019, the Labour Party was firmly against NHS privatisation and distanced itself from New Labour’s health policies such as PFI and increased outsourcing to the private sector. But since early 2020 the party’s shadow ministers have stopped condemning NHS privatisation and privateer donors have returned.

Read on for a summary of Labour’s donor links to the private health industry.

Keir Starmer

Keir Starmer’s register of interest shows that the donors bankrolling his leadership bid in 2020 included hedge fund managers, investment bankers and industry moguls. One of these was Martin Taylor who donated £95,000. Martin Taylor was the founder and CIO of Nevsky Capital, a hedge fund that held significant stakes in Gazprom and Lukoil, and $15 million of shares in private health giant UnitedHealth, as revealed by The Bureau of Investigative…

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