BBC News Night fans will remember ex Tory Cabinet Minister, Angela Knight, she was the CEO of the British Bankers Association (BBA), brought out regularly to defend the banks after each scandal broke. Whether it was obscene bankers bonuses or LIBOR fixing or any one of numerous scandals, she was there to defend the indefensible.
Angela Knight was ‘honoured’ with a CBE for ‘services to the financial services industry’ in 2007.
The setting of the LIBOR rate was supervised and validated by the BBA and while Angela Knight was CEO of the BBA, the LIBOR rate was being “manipulated” by the participating banks.
When will she do the honourable thing and give up the CBE??
She was cunning enough to get out before the LIBOR scandal fully broke and has now reappeared as CEO of EnergyUK the corporate lobby group for the six Energy companies currently ripping us all off with 6% price increases to fund their excessive profits and bonuses – recognise the story? Not only is she lobbying on behalf of these companies, defending them against accusations of LIBOR like fixing of prices, but she also does her best to promote disinformation by blaming high prices on green subsidies – deceitfully trying to imply that wind farms are the cause of increases in prices when it is mainly energy company profits that are to blame.
She is also a non-executive director on the boards of Brewin Dolphin plc, Tullett Prebon plc, Transport for London and the PricewaterhouseCoopers Advisory Board. All part of the ‘revolving door’ that is the British establishment.
Angela Knight, then CEO of the British Bankers Association, said in a Dec 08 statement that Libor could be trusted as “a reliable benchmark” Bloomberg (2013-01-28) Libor-lies-revealed-in-rigging-of-300-trillion-benchmark
Barclays scandal: interview with BBA’s Angela Knight Channel 4 News June 2012
UPDATE: Big six energy firms accused of cold blooded profiteering as margins double Guardian 12th April 2013
Centrica bosses share £16.4m as bills soar (Daily Telegraph): http://www.thetimes.co.uk/tto/business/industries/utilities/article3724447.ece
Marcus Agius, Chairman of Barclays Bank, is also Honorary Chairman of BBA which is responsible for the London interbank lending rate: http://www.reasonandreality.org/?p=1227