David Cameron was accused of ‘gross insensitivity’ last night after it was revealed that internships with City hedge funds were sold to wealthy Tories’ children for thousands of pounds to raise cash for the party.
At the Conservatives’ Black and White Party, millionaire Tory supporters paid around £3,000 each for their children to have the golden chance of spending a week or two with a number of top finance companies and banks. If they do well and win a full-time job, they could join the ranks of City tycoons who earn multi-million pound bonuses.
But Labour claimed the auction was ‘grossly insensitive’ when tens of thousands of young people cannot obtain jobs.
More great publicity challenging the crime that is unpaid internships. With graduate unemployment getting higher and higher this issue is not going to go away.
I think its really interesting that the Mail is writing about this issue more consistently than any other paper. I know this is a issue about social justice and fair pay, but this is not just about poor kids versus rich kids. The vast majority of graduates are effected. You might term yourself middle class, and your parents might live in the nice house and have two cars. But that doesn’t mean they can support you working for free in London for 6 months.