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More financial services election casualties

A series of political candidates from the financial services industry all met with disappointment last night, with not one managing to secure a seat.

Rothschild corporate finance adviser Andrew Griffith put up the best fight, as Tory candidate for the Northamptonshire seat of Corby. Labour MP Phil Hope held the seat, but his majority of 5,700 votes was down 6.1 per cent on 1997, while Griffith increased the Tory vote by 3.8 per cent.

Equitable Life pensions administrator Philip Cochrane also managed second place to Labour, as the Tory candidate for Stafford. The seat was held by David Kidney with a majority of 5,032.

Another Tory candidate, Towers Perrin actuary Julian Leigh, came in second to defence secretary Geoff Hoon in the safe Labour seat of Ashfield, Nottinghamshire. However, Leigh increased the Conservative vote by 4.1 per cent on the last election at the expense of Labour.

SNP candidate Richard Thomson, who works for Scottish Widows, only managed fourth place in the Tweeddale, Ettrick and Lauderdale constituency. The seat was held by Liberal Democrat Michael Moore.

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