George MonbiotIt's rare to see how lobbyists operate. But the Epstein-Mandelson correspondence shows us what happens all the time: plutocrats and government ministers conspiring against the public interest. This is why all lobbying should be in the public domain, but despite Labour and Con promises, it's not. 🧵
Here's the context:
When Mandelson was Business Minister, Epstein wrote asking him to make only the cash portion (ie not equity etc) of bankers’ bonuses taxable.
Mandelson's answer: “Trying hard to amend as I explained to Jes last night. Treasury digging in but I am on case.”
I'm guessing that the "Jes" in this message is that other moral paragon, Jes Staley, though I can't be sure. A Labour government minister, channelling the demands of his finance-bro chums.
This, my friends, is how it happens. This is why we don't get what we want, or what we vote for.
Tomas StanislawskiAnd this is why democracy is severely broken.