How Labour Went From Mao’s Little Red Book to a Big Business Love In
- Major corporate names will attend party conference next month
- Some donors have switched over from the Conservatives
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Eight years ago, the Labour party’s shadow chancellor John McDonnell brandished Mao Zedong’s Little Red Book in Parliament. As the party prepares for a general election campaign which opinion polls indicate it will win, its top team today prefers very different associations from the Chinese Communist leader.
Goldman Sachs Group Inc., Barclays Group Plc, Vodafone Group Plc and Google are among the big corporate names taking part at Labour’s conference in Liverpool next month, where the voice of private equity – the British Private Equity and Venture Capital Association – is also paying to back an event.