‘Politicians can’t be trusted to clean up HSBC’: Govt revenue chiefs grilled over tax evasion scandal — RT UK

Ed Milliband MP speaking at the Labour Party c...

Ed Milliband MP speaking at the Labour Party conference. (Photo credit: Wikipedia)

It rather worries me that it takes the Russian media to highlight that UK politicians can’t be trusted to clean up HSBC.

via ‘Politicians can’t be trusted to clean up HSBC’: Govt revenue chiefs grilled over tax evasion scandal — RT UK.

I watched a parliamentary debate on this subject on TV yesterday. Let me share my observations. Firstly, the UK parliament was virtually empty, with the major parties each having just two front bench politicians – no big names. Secondly, the Labour Treasury Minister was incredibly boring – she was wordy & ineffective, just like Ed Milliband. Most importantly, the evidence is crystal clear and being quoted in the media across the World, so why isn’t David Cameron’s government being properly challenged?

Reflecting on the last four years, David Cameron’s government has been an omni-shambles, without strategy, like a butterfly flitting from issue to issue. But even more worrying, under ‘Red Ed’ Milliband, the government has not been held to account effectively. This is deeply disturbing as the country heads for an election.

Thoughts?

 

Tories Defend Lord Green, Tory Peer Who Ran HSBC, Over Tax Evasion Allegations

One HSBC Center

One HSBC Center (Photo credit: Wikipedia)

This is an amazing story of where the Tories are protecting a former minister, Lord Green, who was chairman of HSBC during a period of massive tax evasion, where the bank helped wealthy clients hide cash in Switzerland. The story has been reported in detail in BBC program, Panorama and also in the Guardian newspaper.  Check this out!

via Tories Defend Lord Green, Tory Peer Who Ran HSBC, Over Tax Evasion Allegations.

The Coalition government of David Cameron employed Lord King as an adviser on banking reform. Perhaps, it’s no surprise that despite banking scandal after scandal, few UK bankers have gone to jail?

Under David Cameron, ordinary people have suffered austerity and collapsing public services but wealthy bankers have been able to hide from the law. Why?

Thoughts?