Bankers storm new UK Parliament

Houses of Parliament

It was a good U.K. election for candidates from banking, with at least 19 overcoming voter distrust of financiers to win a seat in the incoming Parliament.

Bloomberg News reports that eleven of them are Conservative and eight are from the Scottish National Party, suggesting their party affiliations helped win over voters in an election that delivered the Tories to an unexpected majority and the SNP to a near-complete sweep of Scotland.

Their victory also underlined a uniquely British tendency to overlook membership in banking, a deeply distrusted business, and promoting the winners to a job even more distrusted, that of a politician or government minister. A poll published in January by Ipsos Mori shows that just 31 percent of respondents trust bankers to tell the truth. That’s higher than the 16 percent who have faith in politicians.

Hit the link below to access the complete Bloomberg article:

U.K. Bankers Ride Winning Tide From Trading Floor to Parliament

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