Sajid Javid: New UK Home Secretary's links to tax-evading bank and Grenfell response in spotlight
The UK Supreme Court ruled in 2016 that Deutsche Bank and UBS had set up a “contrived” scheme to allow the banks and their bankers to escape £135mn ($192mn) in tax on bonuses, which was unlawful, according to a Reuters report.
Javid is said to have worked for Deutsche Bank, US President Donald Trump’s bank of choice, as a director in 2000 and then as a managing director in 2004. He left the bank in 2009, when his salary would have been around £3mn ($4.1mn) a year, according to Bloomberg, to start a career in politics.
Labour MP for Leeds East, Richard Burgon responding to the announcement of the new home secretary took to Twitter to highlight Javid’s colossal salary at Deutsche Bank and to point out that he “voted 16 times against a bankers' bonus tax.”
Sajid Javid reportedly earned £3 MILLION a year as an investment banker before being elected to Parliament, where he voted 16 TIMES against a Bankers' Bonus Tax.Another Tory protecting the few and ignoring the many.— Richard Burgon MP (@RichardBurgon) April 30, 2018
When pressed by presenter Jon Snow on Channel 4 News as to whether he knew about Deutsche Bank adopting a system, which helped them evade British taxes by paying senior employees through a Cayman Island entity, Javid could not confirm that he didn’t know about the scheme. He could only declare that he had “never benefited from such a scheme.”
Amber Rudd didn't know about targets. Sajid Javid didn't know about tax evasion https://t.co/GtEhS2fANx— Mr Ethical (@nw_nicholas) April 30, 2018
The new home secretary has also faced criticism over his handling of the rehousing of the Grenfell survivors in his previous role as minister for communities and local government. In the immediate aftermath of the Grenfell fire, Sky News reported that Theresa May’s government had promised that residents of Grenfell would be rehoused “within three weeks at the latest.”
Javid, the minister at the time tasked with making this happen, failed to deliver on this promise. Furthermore, in an address to parliament last month concerning the issue of rehousing, he said that those left homeless following the Grenfell fire would not be rehoused within the year of the disaster taking place, according to The Guardian.
Last month Sajid Javid admitted that all those made homeless by the Grenfell Tower fire would not be rehoused within a year. His department has overseen nearly 11 months of failure. Now he takes over at the Home Office as we fight immigration issues connected to Grenfell.— Emma Dent Coad (@emmadentcoad) April 30, 2018
In an extraordinary claim last month during questions in the House of Commons, Javid said that pro-Jeremy Corbyn organization Momentum was a “hard left neo-fascist” organization. This claim could come back to haunt him when one of his tasks as home secretary is to ban terrorist groups, some of whom are neo-fascist, under the Terrorism Act 2000.
Javid’s personal beliefs have also come under the spotlight with the Spectator previously reporting that he reads the courtroom scene from The Fountainhead – novel by Russian-American author and philosopher Ayn Rand who developed a system called Objectivism – twice a year. The author is lauded by neo-conservatives and libertarians in the US, though adherence to her beliefs is less common in British politics.
Sajid Javid told Parliament that Momentum are a ‘neo-fascist’ group. As Home Secretary he’s now in charge of banning neo-fascist groups under the Terrorism Act 2000 https://t.co/cCitpTWpG7— Jon Stone (@joncstone) April 30, 2018
The MP explains that the passage is about the “power of the individual,” which some may suggest works perfectly with UK conservatism; neo-liberal individualism over socialist collectivism. Apparently, the passage didn’t go down too well with his now wife, who threatened to leave him if he ever tried to read it to her again.
Sajid Javid supported and voted for every element of Theresa May's hostile environment.— Liam Young (@liamyoung) April 30, 2018
Sajid Javid:•voted to make it an offence to rent a home to those without a right to rent•voted AGAINST banning detention for pregnant immigrants•voted to EXTEND deportation powers•voted for migrant status checks on bank account openings•voted to REPEAL Human Rights Act— Tory Fibs (@ToryFibs) April 30, 2018
Omar Baggili, RT Journalist
Like this story? Share it with a friend!