The current crisis exposes weaknesses in a development strategy that puts financial services at the heart of Britain’s political economy. But the City of London depends heavily on its role as a major tax haven in its own right. John Christensen, Director and International Coordinator of the Tax Justice Network, explains how the UK has led the world in de-regulating financial services, in promoting tax havens, and in resisting moves to strengthen international cooperation. Having become the victim of its own follies, the UK urgently needs a new development strategy, but how can any government – progressive or otherwise – resist the strongest political lobby in the world?
- The World after Bush
- The agony of Zimbabwe, what chance for change?
- National self-determination: What constitutes the right to secede?
- Pakistan: stable state or global hazard?
- Peak oil: A case of Cry Wolf?
- Ukraine: What is the significance of the Orange Revolution?
- The history and histriography of the Arab-Israeli Conflict
- Afghanistan: Local Realities and Foreign Myths
- Civilian & military casualties in Western warfare
- Sri Lanka: The prospects for peace
- Capitulation, capitulation, capitulation: the UK government’s relationship with the City of London