Clive Lewis has questioned Keir Starmer's partnership with Blackrock

Clive Lewis has questioned Keir Starmer’s partnership with Blackrock

After the prime minister’s meeting with a controversial investment firm, Labour MP Clive Lewis has questioned Keir Starmer’s partnership with Blackrock.

On the social media platform X, Starmer protested that the UK needed the help of investment firms like Blackrock.

He wrote: “I’m determined to deliver growth, create wealth and put more money in people’s pockets.

“This can only be achieved by working in partnership with leading businesses, like BlackRock, to capitalise on the UK’s position as a world leading hub for investment.”

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According to Yahoo News, though,

BlackRock is the world’s biggest asset management company and has been criticised for investing in fossil fuel companies, the arms industry, and human rights violations in China.

Just two days ago, it faced a complaint at the Organization for Economic Co-operation and Development (OECD) for allegedly contributing to environmental and human rights abuses around the world through its investments in agribusiness – including accusations of increasing investments in companies that have been implicated in the devastation of the Amazon.

And in June, the UN called on BlackRock to divest from firms arming Israel, warning of “repercussions for complicity in potential atrocity crimes”. The investment firm did nothing.

Back on X, Mr Lewis wrote:

So Mr Lewis reckons that, by allying with firms like Blackrock – that may hold at least partial responsibility for digging the UK into the hole in which we now find ourselves – his party leader is guaranteeing that Labour will lose the next general election and usher in a new era of far-right domination.

He may have a good point.


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