Congratulations to the new General Secretary of the Labour Party David Pitt-Watson. I have meet David a couple of times at pension conferences and have been very impressed. He was our guest speaker at a UNISON conference fringe last year which I chaired. It was called “Trade Unionists are the New Capitalist’s”. Check out David’s book on this subject.

He is an experienced former Labour Party assistant general secretary and successful fund manager for Hermes which runs the huge BT pension scheme (unusually the scheme owns Hermes). He can walk the talk. I suspect that he is taking a big pay cut to do this job (which admit it, is going to be a pretty thankless task at times).

He is just the bloke to sort the Labour Party finances and its campaign machinery in time for the next election. Good Luck David (you'll need it)

On Thursday evening I was the “guest” speaker at West Ham Labour Party CLP General Committee (GC) at Stratford, Newham, East London, E15.  West Ham lays claim to being the "home of the Labour Party".  So this is a good place to argue why the Labour Movement needs to embrace "New Capitalism".

Back from speaking to East Ham CLP Manor Park and Little Ilford Labour Party wards at the Froud Centre, Newham, London, E12. Spoke about the “Labour Movement and New Capitalism”. It went down pretty well (or they were very polite!). I'm trying to gauge reactions to forming a national Labour Party “Forum” on socially responsible investment and company governance by speaking to branches.

Started off saying that at the end of the talk I hoped to persuade them that they were “New Capitalists”. Then quickly I asked if they were members of pension scheme if so which one, how many have life assurance policies, how many have shares in companies or saving plans that invest in companies? Nearly everyone present raised their hands.