One of the biggest financiers in the world, the CEO of BlackRock, has endorsed Sir Keir Starmer, calling him a “measurement of hope” for British politics.
According to Larry Fink, chairman and CEO of BlackRock, the largest asset manager in the world, Sir Keir had demonstrated “real strength” in bringing Labour back to the mainstream of British politics following Jeremy Corbyn’s election as leader.
The American financier hypothesised that the party’s transformation might be a sign that, following the populism of Brexit, Mr. Corbyn, and Donald Trump, the pendulum of world politics had swung back to the centre.
“Keir Starmer has shown real strength as a moderate Labour Party,” he said on the Free Expression podcast.
“If you think about the UK, the UK was the one that started the high level of populism through the Brexit, and then the populism here led to Donald Trump being president. Well, we’ll see what happens, if Starmer gets elected in, let’s say a year from now. But I believe that’s a measurement of hope.”
On a visit to the UK, the BlackRock bigwig, a millionaire who donates money to the US Democrats, visited representatives from the Conservative and Labour Parties and expressed his admiration for Sir Keir’s transformation of the party.
In response to inquiries about the difficulties facing American political leadership, Fink stated: “I’m very pleased to see how the Labour Party in the UK went from an extremist party with a Marxist leader to Keir Starmer who has shown real strength as a moderate Labour party.”
“The pendulum went so far there,” he said, referring to Mr Corbyn’s election as Labour leader.
Following the party’s crushing defeat in the 2019 election, Mr. Corbyn stepped down as leader of the organisation in April 2020.
Following Sir Keir’s election as leader, a party report said Mr. Corbyn’s opponents in Labour plotted to lose the 2017 general election in the hopes that a poor outcome would lead to a leadership race.
The BlackRock CEO, a “lifelong” Democrat who backed Hillary Clinton in the 2016 presidential election, also praised Rishi Sunak for rolling back on net-zero-carbon targets.
He said: “Power is more important than your strategy, okay, keeping the lights on. In the UK, they weren’t going to ever meet those targets they overdid, so he actually rolled back to some more sensibility, in my opinion.”