The OECD while a big fan of the free market and all that crap still manage to accuse NuLabour’s corporatist friendly regime of being like totally frickin’ bent guvnor (and this was before the BAE investigation was dropped)-
Leading industrialised nations have fired a stinging broadside at Britain over its failure to tackle corporate bribery overseas, at a time when other countries are pursuing big-name multinationals.
The anti-bribery working group of the Organisation for Economic Co-operation and Development attacked London’s performance in a letter delivered to the government in June, the Financial Times has learned.
The letter – sent before the House of Lords backed the scrapping of an investigation into BAE Systems’ Saudi arms deals – is a sign of how Britain’s failure to bring cases against its multinationals is alienating European and US allies who are pursuing their companies.
The message suggests London can expect a tough time at the next meeting of the OECD anti-bribery group in October, where members could take the embarrassing and unprecedented step of pushing for Britain to be suspended.
One person who has seen the letter said it was “particularly undiplomatic” and laid out the “full menu” of criticisms about Britain’s performance on tackling bribery by its businesses and nationals overseas.
The letter attacked Britain over its failure to bring a single overseas bribery case or to deliver on a years-old pledge to update its anti-corruption laws. It also raised concerns that the Serious Fraud Office (SFO) would downgrade its commitment to tackling corporate foreign bribery, because of plans for it to focus more on public education and consumer crimes such as share scams.
Yes the all new SFO as noted before will focus on working with business, not y’know investigating them, so do you think a/. this will make us less corrupt or b/. Hey stop laughing.