“Record-Breaking Year for Tony Blair’s Think Tank”
Tony Blair’s think tank, the Tony Blair Institute for Global Change (TBI), achieved a remarkable £100 million in turnover in the past year.
This financial success is attributed to the City’s optimism about the Labour Party’s potential return to power in the next General Election, given Sir Keir Starmer’s strong position in the polls.
The TBI’s proximity to the likely next government has made it an appealing choice for affluent clients.
“Controversy Amid Financial Gains”
Despite the TBI’s escalating revenues and growing influence within Sir Keir’s party, it has faced criticism from Labour Left-wingers.
They perceive the organization as being funded by billionaires and accuse it of accepting money from the Saudi government, which they deem as problematic.
Additionally, concerns have been raised about the former Prime Minister offering advice that aligns with corporate interests.
“The TBI’s Role and Mission”
The Tony Blair Institute for Global Change, like its chairman, has been a vocal critic of Brexit.
Its primary mission is to provide guidance to governments on various issues, including the application of technology in healthcare, manufacturing, agriculture, and conflict resolution in the Middle East.
Tony Blair has emphasized his desire for the institute to be entrepreneurial, agile, and to offer governments sound advice.
“Global Presence and Collaborations”
With a workforce of 500 employees spread across 30 countries, the TBI collaborates with a range of partners, including the United Nations, Elon Musk’s internet satellite company Starlink, and the Anti-Defamation League, dedicated to combating antisemitism.
It also conducts research on topics such as the Northern Ireland Protocol.
“Backers and Funding”
The institute has garnered support from various sources, including the US government, Lloyds Banking Group, the Bill and Melinda Gates Foundation, and Asda.
However, it also maintains extensive connections with the controversial American billionaire Larry Ellison, who co-founded Oracle and was ranked as the world’s third-richest person by Forbes magazine in June.
“Financial Details and Leadership”
According to recent accounts, the TBI’s staff received approximately £42 million in payments last year, with the institute generating a surplus of £21 million during the same period, a significant increase from just under £17 million in 2021.
While Tony Blair serves as the executive chairman, day-to-day operations have been overseen by Catherine Rimmer, his former chief of staff, since the institute’s establishment in 2016.
World News