**** People are frequently ‘seconded’ into government from corporations or accountancy firms, doing what looks like almost writing government policy… **** You have accountancy firms that work for government, helping draw up tax laws; they then tell their clients how to avoid the laws they themselves have written up. You have energy companies seconded to the Department for Energy and Climate Change. People work for government and business at the same time. Of the 50 top publicly trading companies, 46 have a member of parliament that is either a shareholder or director. A quarter of Conservative Party MPs are private landlords, which ensures that their interests align with landlords and tenants. That helps cement this sense of a corporate political élite, whose interests are very much aligned to those of big business; they know that it’s a springboard to lucrative contracts, jobs and posts. David Miliband made £1 million ($1.6 million) in his last year as an MP, for his work with private equity companies and the dictatorship of the United Arab Emirates.
Posted on: Wed, 10 Sep 2014 13:02:16 +0000
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