"The Intruders" hand bottle of Bollinger to Barclays for "innovation in interest rate manipulation" (Video)

The group gatecrashed Investment Banking Awards in Mayfair to present the fake prize.

The Intruders, the group of tax justice campaigners who gave an "award" to HMRC boss Dave Hartnett for "services to corporate tax avoidance", have released a video of their latest stunt. Gatecrashing the Investment Banking Awards, members of the group handed Barclays a bottle of Bollinger champagne for "innovation in interest rate manipulation".

The award, a reference to the promise from a Barclays trader of a bottle of Bollinger in exchange for LIBOR manipulation, went uncollected. The group got a better reception than they did first time round, when they were told "you will depart immediately before we set the dogs on you," and called "Trespassing scum" by Robert Venables QC.

Watch a video of the whole event here:

The Intruders mission statement hints that they plan to be in it for the long haul:

Behind the closed doors of Mayfair hotels and Oxford colleges, the wealthy elite that caused the economic crisis celebrate their continued success over champagne and cosy dinner parties. Meanwhile, the rest of us face falling living standards, a bleak job market and decimating cuts to public services.

The wealthy elite believe they are unaccountable, that they are free from the consequences of the crisis they caused. They are wrong. The Intruders are here to crash the party and expose the excess and hubris of the people that got us into this mess.

Two members of the group onstage at the Investment Banking Awards. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Lord Sainsbury pulls funding from Progress and other political causes

The longstanding Labour donor will no longer fund party political causes. 

Centrist Labour MPs face a funding gap for their ideas after the longstanding Labour donor Lord Sainsbury announced he will stop financing party political causes.

Sainsbury, who served as a New Labour minister and also donated to the Liberal Democrats, is instead concentrating on charitable causes. 

Lord Sainsbury funded the centrist organisation Progress, dubbed the “original Blairite pressure group”, which was founded in mid Nineties and provided the intellectual underpinnings of New Labour.

The former supermarket boss is understood to still fund Policy Network, an international thinktank headed by New Labour veteran Peter Mandelson.

He has also funded the Remain campaign group Britain Stronger in Europe. The latter reinvented itself as Open Britain after the Leave vote, and has campaigned for a softer Brexit. Its supporters include former Lib Dem leader Nick Clegg and Labour's Chuka Umunna, and it now relies on grassroots funding.

Sainsbury said he wished to “hand the baton on to a new generation of donors” who supported progressive politics. 

Progress director Richard Angell said: “Progress is extremely grateful to Lord Sainsbury for the funding he has provided for over two decades. We always knew it would not last forever.”

The organisation has raised a third of its funding target from other donors, but is now appealing for financial support from Labour supporters. Its aims include “stopping a hard-left take over” of the Labour party and “renewing the ideas of the centre-left”. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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