The closeness of the relationship between Westminster, Whitehall and the big oligopolies was perfectly illustrated by HMRC's relationship with Vodafone. "Don't bother filling in a tax return" said HMRC "Just let us know what you're comfortable with paying." and of course the same relationship subsists with all the other mega-nationals. Likewise QE; "Look, just take the cash - we won't ask you to account for it" said the Bank, and the results were utterly predictable, as Simon Jenkins writes in the Guardian this morning;
In Britain the only growth the Treasury has recognised so far has been to turn to the banks. It is like asking the mafia to promote honesty in local government. Ministers pleaded with bankers to lend more to real people, and even printed the money for them to lend. The banks simply carted the loot from the mint and used it to pay off their gambling debts. There is no evidence that one penny of the hundreds of billions of pounds made available "leaked" into the productive economy.
Some 'Growth Strategy'.
Fiddling with the Lords, abolishing the County regiments altogether, running the Town Hall from Whitehall, a National Police Service, IDS's nightmare Soviet Welfare System and Planning changes that will further destroy the High Street are all at the heart of the Government's anti-Localist agenda. They're set on destroying the last strongholds of Burke's 'little platoons' - the local and intermediate institutions that glue neighbourhoods and communities together. In their place, hand in glove with the political class, the homogenous, suffocating hand of Oligopoly. In place of the Suffolk Regiment we will have the 4056th G4S Infantry Battalion. Where once the stone castles of feudal lords rose above our town and cities now the steel and glass towers of KPMG, PwC and Ernst and Young dominate, and to the same effect.