Labour has launched a major attack on Prime Minister Rishi Sunak, demanding he answer questions about the fortune he earned as a partner at TCI hedge fund during the 2008 financial crisis. Sunak was reportedly paid around £5 million in his 20s while at TCI, which played a significant role in pushing for the sale of ABN Amro Bank to RBS. This deal is cited as a key factor in the collapse of RBS, which subsequently required a £45.5 billion bailout from taxpayers. Labour's Darren Jones and other party members have accused Sunak of 'betting against Britain' and profiting from the financial turmoil that led to severe public service cuts. TCI hedge fund made a £555 million profit from the deal, and Sunak was part of a group of hedge-fund bosses who shared nearly £100 million after an audacious stock market bet.
Rishi Sunak made a fortune by betting against Britain. https://t.co/d8S7x52rKf
TV debate tonight Starmer will prob ask about Sunak's involvement in hedge fund (partner) which helped to bring down RBS which taxpayers had to bail out for £45.5 billion While TCI hedge fund made £555 million profit Sunak profited by betting against Britain STOP THE TORIES https://t.co/dByxoCfCwa
NEWS Rishi Sunak made a fortune as a partner in TCI hedge fund when they pushed for RBS (+consortium) to buy Dutch bank ABN Amro where they held shares 2007/8 RBS crashed soon after Govt bailed RBS out for £45.5 BILLION Paul Mason was BBC Economics Editor at the time WATCH⏬️ https://t.co/gjjwzFE2zF
Today's headlines about @RishiSunak and his role in the 2008 financial crisis are giving me flashbacks - millions of people's savings were put at risk... https://t.co/rT2x0Sc6a6
Sunak must face questions about the hedge fund at the heart of financial crash. The Tories used the crash to justify public service cuts - the public will want to know the PMs role in it. https://t.co/aoUFBCurAC
If anyone had ever thought Rishi Sunak may have bet against our country during the Global Financial Crisis.. https://t.co/CMinLAo2HX
Rishi Sunak was part of a small group of hedge-fund bosses who shared nearly £100 million after an audacious stock market bet that lit the touchpaper on the 2008 financial crisis. https://t.co/zNXCT6D3Fs
BREAKING @guardian Rishi Sunak was paid c£5 million in his 20s as partner in a hedge fund at the heart of 2008 RBS crash which taxpayers bailed out for £45.5 BILLION 🔹Sunak was partner in TCI hedge fund which aggressively pushed for the sale of ABN Amro Bank 🔹RBS-led…
Rishi Sunak must face questions about the fortune he earned at a hedge fund which engineered a deal at the heart of the financial crash, Labour has said https://t.co/Jx5HIthZeN
Shots fired. PM must face questions about hedge fund at heart of financial crash, says Labour Darren Jones believes Rishi Sunak had “bet against Britain” Sunak was partner at hedge fund TCI which pushed sale of ABN Amro to RBS & ultimately RBS's failure https://t.co/gesMvbo6un
🚨 NEW: Labour has accused Rishi Sunak of “betting against Britain” after he made a "fortune" from engineering a deal at the heart of the financial crisis before his career in politics [@guardian]
Betting against Britain and profiting off the back of it. The questions Rishi Sunak now must answer. https://t.co/4GNEGnEcJc
PM must face questions about hedge fund at heart of financial crash, says Labour https://t.co/6WghO680n7
EXC - Labour launches first major attack on Sunak on his time at a hedge fund during financial crisis @darrenpjones says Sunak should have been cross-examined about deal that regulator said was key to sinking RBS. Expect this to be feature of debates... https://t.co/chIPhiWz1f
EXCL: Rishi Sunak facing questions about fortune he earned at hedge fund which engineered deal at heart of financial crash @jessicaelgot reports https://t.co/N6nOw9uYQH