Rishi Sunak – A history of banking scandals and tax evasion
Sunak shone as a partner in the interventionist hedge fund the Children’s Investment Fund (TCI) while it targeted Dutch bank ABN Amro to the point that Royal Bank of Scotland ill-advisedly bought it up in 2007 and needed a £45bn taxpayer-funded bailout the following year.
That history may or may not help Sunak clear up his former firm’s mess as he takes charge of the 62 per cent stake in RBS the taxpayer still owns.
Soon afterwards, in 2009, Sunak left TCI to co-found another hedge fund, the Anglo-American Thélème Partners.
It is closely linked to the Cayman Islands – where Thélème funds were supposedly principally managed in the classic tax-avoiding way that hedge funds operate, slashing tax bills from California to Mayfair.
Just three days before his promotion to Chancellor, the eager-to-please Sunak launched his pet policy for freeports around the UK. A plan he first pushed as a relatively new MP in a 2016 paper for the right-wing Centre for Policy Studies.
Now he has his hands on all of the financial controls of government he can and will do whatever it takes to entice major investment to the soon to be created freeports (ie big tax breaks and few questions asked). (truepublica)
3 replies on “Sunak-The uber rich UK Prime Minister that broke the Royal Bank of Scotland will replay the tactic on Scotland with his freeports”
Sunak? Once a parasite always a parasite!
Scotland can expect no more than continuing exploitation under the stewardship of the Tories,. Currently Scotland lacks leadership in opposing Westminster’s stranglehold on our natural resources, quite content to accept more of the same.
Sturgeon and her SNP are no match for the Sunak brigade and we Scots are being bled dry in order that she (Sturgeon) can further indulge her narcissism to the detriment of our country.
We MUST dissolve this corrupt union!
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Agreed. We can only hope Alba’s early campaigning will gather momentum and swell the ranks of the Party with new members.
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“We MUST dissolve this corrupt union! ”
The Unreal Kingdom (UK) – aka the United Kingdom was first formed in 1922 and now in 2022, it IS unrealistic to expect it to survive much longer… And what seems stranger to most Scottish people, is that many English people believe that the so-called ‘UK’ means England; the less I say here the better, I think.
Today, an increasingly growing number of Scots recognise that our ancestors were NOT willing to see this Union of Scotland with England and our Scottish population riotously protested in those years; however, our ordinary people had no real means of altering what their rulers were arranging at that time… However, we now live in an incomparable world of both information and political powers.
Our children’s children will be Scotland’s electorate and today’s events are going to be for them to inherit and – hopefully – enhance while their generation’s era promises to be as good as it can possibly be. ..
‘Saorsa’ is Scottish Gaelic for the following:
1. freedom, liberty
Whatever language, the meanings are always essentially true!