Nick Clegg’s social mobility drive wins backing from banks and law firms

The Evening Standard reports:

Banks and law firms in London today backed Nick Clegg’s campaign to open up recruitment to all social backgrounds.

The Deputy Prime Minister announced that Barclays, HSBC, Credit Suisse, RBS and a string of other City institutions have signed up to his “business compact” on internships, work experience and recruitment…

“This is an important step towards a society where it’s what you know, not who you know, that counts,” Mr Clegg said.

“Working with the Coalition, the biggest hitters in the City of London are helping lead the way to a fairer, more open society.

“By opening their doors to young people from all walks of life, this marks the start of a culture shift at the heart of British business, driven by the belief that ability and drive should trump connections and privilege.”

This follows initiatives with both the fashion and public relations sectors and fits well with Nick Clegg’s end of year message about creating an open society rather than one dominated by self-perpetuating elites.

* Mark Pack is a member of the Federal Board and editor of Liberal Democrat Newswire.

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7 Comments

  • Any chance of the party signing up to it?

  • David Allen 12th Jan '12 - 6:10pm

    “Nick Clegg’s social mobility drive wins backing from banks and law firms”

    So what does that tell you about “social mobility” and Nick Clegg’s drive, then?

  • Richard Swales 12th Jan '12 - 11:31pm

    Don’t we often hear from Cable and the left of the party that banks are evil and are responsible for lending money (but not enough), for unemployment, for starvation and for paying too much.

    Is that suddenly all ok if they have a fairer recruitment system?

  • Richard Swales 13th Jan '12 - 10:15am

    @Mark, I don’t know who posting on here is a member and who isn’t of course, but the post right above mine from Dave Allen is typical of a lot of stuff I read.

    The starvation one is acceptance of the criticism of Barclays for speculating in food futures https://www.libdemvoice.org/opinion-why-competition-is-the-key-issue-26522.html – (but presumably on that analysis when they short commodities they save lives???)
    Reducing wages in banking for the working generation (and thereby increasing dividends for bank-owners from the wealthy generation) seems to be accepted as a legitimate political aim by Vince Cable and all too many others who are not even considered to be on the left of the party.

    When posters such as Simon B (admittedly he says he has now left the party) say it is the bankers that are responsible for unemployment, what do they mean exactly? – I have never got an answer from them exactly but isn’t the idea that they are not creating enough debt?

  • Richard Swales 13th Jan '12 - 12:56pm

    Ok, I may have been exagerating, but I feel uncomfortable with this tendency to join in with the search for scapegoats for problems.

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