Saturday 30 March 2019

It is bad to cooperate with Europe?

I found the intemperate front page of the Saturday Telegraph rather depressing yesterday, more or less making a virtue of our crashing out of the European Union with a big bang and without any kind of a deal. Followed by extensive coverage inside of pro-Brexit demonstrations and of pro-Brexit candidates for the top job in the Tory party. Don't these people understand that with the country split down the middle, that the time has come for compromise? First past the post and winner take all is not the way to manage matters as serious as this one.

A bit of Bing this morning turns up reference 1, which tells me of the history of the newspaper. Which includes being bought up by the Barclay Twins, themselves described at reference 2.

Of relatively humble beginnings, the twins started out in west London as painters and decorators, moving up into the lower end of the hotel business, through the odd bankruptcy. A curious relationship with the Crown Agents, whom I had thought were all about helping out in what had been our empire, rather than financing the growth of property speculators in London. Steady climb up through the ranks to their present eminence on a large rock off the coast of Sark.

Oiled the wheels with a spot of philanthropy, for which they were knighted in 2000. According to Wikipedia, to the tune of around £40m, around 2% of their net worth.

Wikipedia is a bit coy on their politics, but I would imagine well to the right - and deep into the sort of financial shenanigans noticed at reference 4. Perhaps what they really hate about the EU is the possibility, probability even, that all their less salubrious dealings will be dragged into the tax-paying light of day.

Wealth extraction is private and should be kept private! The people from whom the wealth is extracted don't need to know anything about it.

PS: ironic that I should be moved to this post, immediately after one about the value of cooperation. I dare say the twins would be OK with cooperation in general terms, but certainly not in so far as it concerned the tax authorities or our neighbours in Europe.

Reference 1: https://en.wikipedia.org/wiki/The_Daily_Telegraph.

Reference 2: https://en.wikipedia.org/wiki/David_and_Frederick_Barclay.

Reference 3: https://www.crownagents.com/.

Reference 4: https://psmv4.blogspot.com/2019/01/city-boys-episode-2.html.

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