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The veteran Tory and City lobbyist advising Starmer’s business team

Iain Anderson’s newfound love for Labour has raised eyebrows across Westminster and worried some in the party

The veteran Tory and City lobbyist advising Starmer’s business team
Iain Anderson has forged a close relationship with Labour, and now advises ministers and officials in the Department of Business and Trade | Gov.uk / Scott E Barbour/GettyToday
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In the not so distant past, Iain Anderson was a stalwart Tory with the CV to match. In a 2012 ranking of the UK’s most powerful financial lobbyists by the Bureau of Investigative Journalism, Anderson came in at number five. His lobbying firm, H/Advisors Cicero, represents some of the City’s apex predators, including Blackrock, Santander and abrdn.

Over the course of a 40-year love affair with the Conservative Party, Anderson worked on two of Ken Clake’s leadership campaigns, was appointed the UK’s first-ever ‘LGBTQ+ business champion’ under Boris Johnson and later threw his considerable political weight behind Liz Truss’s Tory leadership campaign, sharing a picture of the pair on Twitter, with a gushing caption. “I’ve worked with Liz on economic reform and boosting opportunity, " he wrote. “She has fresh ideas and real energy. She does what she says and is strong and loyal. That’s why I’m backing #LizForLeader.”

In the months after the collapse of Truss’s government, the writing was on the wall: Labour was going to win the next election. Around this time, Anderson had a conversion. Now, he seems for all the world an influential player in the Starmer project.