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How the City avoids criminal charges for fraud....they buy Parliament.

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[QUOTE=coalition;1103178]These crooks have convinced over 70% of the electorate that the City are the Victims and the masses are the cause of the financial crash....it is another crooked scam by the useless City.

.....But, as research by the Centre for Socio-Cultural Change in 2011 uncovered, this is a mirage. Because of [B]rampant tax avoidance in the financial sector, the City provided “remarkably little revenue in the boom years[/B]” before the state had to bail it out[B] with more than a trillion pounds of public money[/B]. Tax revenues from finance were worth £193 billion between 2002 and 2008, or just 6.8 per cent of total tax receipts. Britain’s benighted manufacturing [B]industry actually provided double the tax revenues[/B], because it engaged in less tax-dodging and employed more tax-paying workers.

We know now how far we had to fall when Lehman Brothers failed for bankruptcy on September 15 2008. Not since the 1870s have wages dropped for so long. Benefits for low-paid workers, disabled people and unemployed people have been frozen, cut, sanctioned or simply stripped away. And yet — as the City’s bankers and stockbrokers return to work this week — [B]the financial elite responsible for so much of Britain’s recent travails has never had it so good.
They live on WELFARE...BUT, NOT THE MEASLY WELFARE THE MASSES GET....[/B]

Earlier this year, personalised number plates celebrating the City’s return to boom time were being advertised on financial news service Bloomberg. BU11 MKT could have been yours for £25,000, while BU11 ESH was on sale for £15,000. Of the 3,529 European bankers paid more than €1 million in 2012, 2,714 were British, and their pay leapt 35 per cent compared with the previous year.
[URL]http://www.standard.co.uk/comment/owen-jones-how-the-city-still-keeps-hold-of-the-establishment-9705948.html[/URL][/QUOTE]
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