Tag Archives: corporation

United Kingdom corruption officially at its worst in modern times | Central Bylines

Backhander: the Tories have repeatedly insisted that apparent corruption that we’ve all observed really isn’t; will Labour do the same if Keir Starmer gets into Downing Street?

The UK is sinking into a mire of political corruption:

2023’s Corruption Perceptions Index (CPI), recently published by Transparency International, shows that the UK has fallen from the 11th cleanest country for corruption in 2021, to 18th in 2022 and is now 20th in 2023 – its lowest ranking since records began in 1995.

In recent times, and unable to gain the support of Conservative moderates, the party has instead chosen to close the gap between itself and UKIP to leverage more radical support. For the sake of balance, I would happily concede that Labour also went off in search of more support from the left. These are not honest attempts to better represent their constituents but cynical attempts to capitalise on emerging power bases – in the case of UKIP, inflamed by the careful stoking of a culture war.

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The neo-liberals of the noughties – with a little help from their friends – started to see just what the possibilities were when it came to flexing the tolerances of our political system and leveraging new technology to influence voters.

For example, Matthew Elliott worked hard as founder of several organisations over years, determined to make the case for a new type of conservatism. Part of the Tufton Street furniture, he founded the TaxPayers’ Alliance (2004), Big Brother Watch (2009) and possibly the most clear red flag of all of his real intentions, the Conservative Friends of Russia (2012).

And – true to form – despite many senior Conservatives’ mysteriously close relations with dozens of Russia’s oligarchs, the Conservative Friends was just re-branded.

They all seem to share a common trait – lack of clarity over how they are funded. Each time a Tufton St associate appears on our screens or writes their next column, this lack of transparency can only lead to questions about the abuse of our trust in the institutions of our country; and each incursion into our democracy (whether as think tanks, research groups, trade groups or even cultural exchanges) creates a new opportunity for corruption.

With the political, business and romantic affairs of so many politicians mixed up with each other, it is difficult to see how we could ever be really sure that entrusted power is not being used for private gain.

So the Central Bylines article quoted above suggests that the Tufton Street “think tanks” are stoking corruption.

We’re also hearing that corruption is being boosted by corporate influence over political parties – with firms currently infiltrating election front-runners the Labour Party in order to persuade or bribe its leaders to follow their lead rather than lift a finger for the people who may actually elect them.

This Writer would suggest the billionaire-owned mainstream media, along with social media platform owners, as another source of corruption.

Can you think of any other sources of corruption?

Source: United Kingdom corruption officially at its worst in modern times – Central Bylines


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Outrage as banks announce huge profits

The Bank of England: it raised interest rates, supposedly to combat inflation – and now the banks have made a fortune in profits and inflation hasn’t fallen significantly.

After the energy firms, the banks.

Interesting how it goes, isn’t it?

The energy firms put up their prices for no very good reason (remember: the actual cost of gas and electricity is much, much lower than the amount you’re paying for it. The corporations say they keep the price up to smooth out any sudden shocks as the price comes down but they never refund the extra amount that you pay after the final costs are known).

This causes inflation.

The Bank of England then acts to reduce inflation – by increasing interest rates.

This creates a huge profit for the banks.

This profit is also never refunded.

Inflation has remained high.

Cue outrage:

Logically the answer is a windfall tax and curbs on profiteering and executive pay.

I wonder if Rishi Sunak’s new Business Council will recommend that to him?

Who’s on it, again?

SSE, Shell – they’re energy companies; Barclays is a bank…

That’ll be a “no”, then.


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The big Tory lie: new North Sea gas and oil might not even come back to the UK

Grant Shapps: he likes to spout a lot of nonsense from his base in Welwyn Hatfield (this image is from a BBC interview in 2020) but he’s not so smooth when faced with an interviewer who has checked the facts before talking to him.

The 100 new contracts granted by Rishi Sunak for energy companies to drill for gas and oil in the North Sea do not mean those fossil fuels will be used in the UK, as he falsely claimed.

The drilling will be done by commercial firms who will then sell the fossil fuels they find on the international market. Some of it may come back to the UK but most of it probably won’t.

Here are the facts, presented by Sky’s Jayne Secker to a spluttering Grant Shapps:

Notice how he tried to change the subject when the facts were presented to him?

Oh, these substances have to go to the UK because they are processed here. But that doesn’t mean they are used here.

Oh, but not all of them are used for fuel. Some are turned into plastics. But plastic pollution is harming the planet as badly as global warming.

Oh, but some of it is used for medical devices within the NHS. But that’s a tiny amount that would not justify the granting of any more drilling licences.

It seems ever-more-clear that the new licences are more likely to be a way for Sunak to corruptly reward companies like BP for signing contracts with his father-in-law’s firm Infosys than to improve the UK’s energy security.

If Sunak and/or his government wish to deny this, then there is a simple way to clear the air:

Let’s have an independent public inquiry into the awarding of these contracts: what they are intended to do; the way they have been presented to the public; what the actual consequences are likely to be – and who benefits?


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Starmer party is too ‘timid’ to challenge far-right claims or offer alternatives. Why?

Starmer and Sunak: perhaps the reason there’s little difference between them and their parties is that they are chasing sponsorship from big business for their own personal gain, rather than doing what the public pays them to do – which is find solutions to the problems being created by the firms they are courting.

Economist Richard Murphy has published a column highlighting concerns that Keir Starmer’s STP (Substitute Tory Party – formerly Labour) is too “timid” to challenge right-wing claims about immigration, climate change or anything else, or to articulate an alternative vision.

He suggests three reasons for this:

Is it that they spent too much time watching Top Gear over the years and now live in fear of that culture?

Could it be that they have a deep-seated insecurity when it comes to standing up to the interests of big business when the latter so clearly want what the country does not?

Or is that they simply do not do ideology-based politics and so go where the money is, with money filling the vacuum where their convictions should be?

It comes down to the same thing. Starmer has decided to do what the Tories always do: chase the cash that comes from big corporate sponsorship for his own personal gain.

The national interest can go hang, as far as he is concerned.

I’m willing to bet we’ll find evidence of this if we have a look around. Or have you found some already?


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Corporate profits proved to be driving inflation. Why are Tories attacking your wages?

Rishi Sunak: the sign behind him says his government’s priorities are “your priorities”. This would only be true if “you” referred to corporate bosses and shareholders, and there was only one priority listed: bloating profits by robbing customers with increased prices.

The International Monetary Fund (IMF) has published information that proves inflation in the UK and other European countries is being driven by the greed of corporations that have been pushing their profits up for no good reason.

Here’s the evidence:

(Some might say this applies only to countries in continental Europe but the question then is, why should it not apply to the UK too?)

So the answer to inflation is not to cut wages, and is not to increase interest rates; it is to force corporations to cut their bloated profit margins and pay for a rise in labour costs (increase wages).

This is the opposite of what Rishi Sunak and his corporate stooges in government have been saying since the crisis began. It seems clear that they have been lying to you all along.

And what’s he doing about it now?

His latest plan is to renege on all his promises about following the advice of pay review bodies:

“Workers need to recognise the economic context we are in.” Okay; well, this worker recognises that major corporations, many of which are probably donors to the Conservative Party and individual Tory MPs, have caused inflation by artificially increasing their prices. Now they’ve been caught doing it, they should cut their prices and increase wage to at least match the current inflation rate or be penalised for it.

This is what I expect my government to enforce.

(I don’t think it will happen for a single moment, but I do think that the longer Sunak refuses to do it, the more people will realise that he, his government and the corps funding them are all crooks and vampires, sucking out the lifeblood of the UK.)

Sunak is talking utter bollocks about it, of course:

People won’t accept that it’s right – or even acceptable – because we all now know it isn’t.

Here’s a doctor, responding to Sunak’s attack on the public sector workforce:

Would you like more proof of what’s going on?

Here’s Howard Beckett:

Sadly, there is no pressure from the Labour Party – the UK’s official Opposition to the government – to make Sunak and his bandits do the right thing. Labour is on their side and helping to rob us all.

Proof:

This Writer will be writing to all those in government or able to influence it, calling for a change of policy to demand responsibility from the corporations, and I urge you to do the same.

But this time I think we’re all going to have to get out of our armchairs and onto the streets – possibly with blazing old-style torches and pitchforks – to demand action “or else”.

You know what I mean: French-style.

Or would you rather just lie back like a weakling and let these fat cats carry on robbing you?


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Keep track of corporations that break the law with this handy tool

Sewage dumping: it’s the most visible example of corporate rule violations in the UK right now – but not the only one.

This is another public service announcement:

The site’s introductory statement says:

Violation Tracker UK is the first wide-ranging database of enforcement actions brought against companies by government regulators in England, Scotland, Wales and Northern Ireland.

It contains more than 80,000 cases involving issues such as financial misconduct, workplace abuses, environmental offences and anti-competitive practices.

It combines cases resolved since 2010 from over 50 regulatory agencies. Violation Tracker is produced by the Corporate Research Project of Good Jobs First.

This Writer would guess that Prem Sikka has found Violation Tracker UK because of his interest in infringements by the privatised water companies.

But now that he has found and publicised it, we can use it to check up on anyone we like, including privatised utilities and companies owned by political donors.

Feel free to give it a go – and let us know about any really shocking breaches you find!


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Globalisation and privatisation are pushing UK families into poverty

Need a miracle: this is YOU, the day after tomorrow.

Here’s a terrifying article by Brett Christophers (who?) originally in The Guardian.

The author examines the reasons rent, food and energy prices aren’t coming down, if household incomes are.

His answers can be summed up in two words: globalisation and privatisation.

He tells us:

Profits have reached record levels… [but] the cost of living crisis reflects the combination of higher prices for essentials with household incomes that are at best standing still.

Part of the reason that UK companies are generating record profits is precisely because they are successfully keeping wage costs down.

It has long been understood that across an economy at large, companies cannot simply drive down wages and expect profits to hold up in the medium or long term. After all, workers are also consumers. Lower wages mean a lower capacity to consume.

Then he hits us with the reason the big UK firms have managed to avoid this threat to their profits:

Much more than is the case in other countries, such firms tend to be distinguished by one of two key features, both of which insulate the companies in question from the potentially negative impact of UK wage stagnation.

The first is their geography. Companies in the FTSE 100 index derive less than a quarter of their revenues from the UK – a remarkably small share. In other words, domestic demand conditions are largely irrelevant to their fortunes.

That this is true of the UK’s big oil and gas companies, BP and Shell, whose profits are at all-time highs, is well known. But it is no less true of profit heavyweights in other sectors such as AstraZeneca, BAE Systems, British American Tobacco (BAT) and Unilever.

That’s globalisation – these firms operate in other countries where wages are higher and can therefore charge what they like. If UK households default on their energy bills, their lights will go out and the energy firms’ bosses won’t think twice about it.

The second key feature of many leading UK firms is less often discussed. This is the non-discretionary nature of the expenditure that households incur in consuming their services: expenditure such as loan payments, housing rent and utility bills.

Many of these companies have been in the news for their profits, too – companies such as HSBC, Centrica, Thames Water and Annington Homes. Their household customers, many (and, in some cases, all) of whom are located in the UK, are essentially captive: they must make payments, whether wages are rising or not.

In the case of the disproportionate prominence of firms earning revenue in the form of non-discretionary household expenditure, the explanation is … : privatisation. In the 1980s and 1990s, both Conservative and New Labour administrations went about privatising publicly owned assets that occasioned regular household payments – principally housing and utilities – with a gusto and comprehensiveness unparalleled elsewhere in the global north.

So successive Tory and New Labour governments have created a situation in which working households are now being held hostage by the corporations that have effective monopolies on the goods and services we need, simply to be able to live.

I lived through the period when Margaret Thatcher was privatising everything in sight, and when globalisation was the buzzword for the economy. I knew it would end badly for people like myself – and that’s exactly what is happening.

But far too many of my fellow citizens were taken in by the weasel words of Thatcher, Major, Blair and all their fellow-travellers; people who subsequently became extremely rich by forcing us to struggle.

And now, future generations will pay. And pay. And pay…

But if you ask young people today what they think, most of them will say they aren’t interested in politics and it has nothing to do with them.

Source: If UK wages are going down, why aren’t rent, food and energy prices coming down too?


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How has Shell made £32bn profit from inflated energy prices?

I’m confused.

According to this BBC article, Shell should be paying 75 per cent of its UK profits to the government in taxes.

In a year when the firm has announced record profits (due to inflated energy prices caused by the Russia-Ukraine war) of £32 billion, that comes to £1.2 billion.

It was supposed to pay a 35 per cent Windfall Tax on its “extraordinary” earnings. That would have come to £560 million – but in fact it only paid $134 million (almost £109 million).

There’s an additional 30 per cent in Corporation Tax, which should bring in £480 million, and a supplementary 10 per cent rate that should bring in £80 million. I notice the BBC piece is silent about whether that happened.

And gas and oil firms like Shell are allowed to reduce the amount of tax they pay by the cost of decommissioning projects like North Sea oil platforms and investments in other UK projects.

Meanwhile, the Tory government’s Energy Bills Support Scheme is costing the public £15 billion. The windfall tax was supposed to help fund it – but how many firms pay into it, and how much are they paying, if they are allowed to claw back so many millions?

The government hopes to make £14 billion per year – which is not enough to cover its costs.

And underlying all of this is the elephant in the room: how are these firms being allowed to make such huge profits in the first place?

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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If tackling climate change means tackling the fossil fuel giants, where’s the will to do it?

Do you think this might have something to do with climate change?

The cat is out of the bag.

Professor Simon Lewis of University College London has told us that the way to tackle climate change is not to work with the giant fossil fuel corporations but to “do everything we can to defeat the fossil fuel industry”.

If the richest industrialised nations stood together against them, this would be a cinch.

But they are disunited, disorganised and dysfunctional. UK prime minister Rishi Sunak can’t even be bothered to attend the COP 27 summit in Egypt; he’s so weak on this.

Here’s Damo:

If it’s time to fight the fossil fuel corps, is it also time to get in touch with our MPs and remind them of their duty – not just to their constituents and the country, but to the world?

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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That blink-and-you’ll-miss-it Liz Truss press conference – in full

For those of you who love the detail, here’s a full video clip of Liz Truss’s press conference this afternoon (Friday, October 14) in which she u-turned on cutting Corporation Tax and… didn’t do much else.

If you stick it out to the end, you can enjoy the sound of a stunned reporter asking, “Aren’t you going to say sorry?”

It’s the highlight of the event.

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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