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Financial structures are often so complex
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The Spider's Web: Britain's Second Empire

Financial structures are often so complex that even after theyare publicly revealed, they...

Financial structures are often so complex that even after they
are publicly revealed, they are not widely
recognized for what they are

Full Transcript

00:00:01.000 --> 00:00:03.082
Financial structures are often so complex
00:00:03.082 --> 00:00:06.022
that even after they are publicly revealed,
00:00:06.022 --> 00:00:09.836
they are not widely recognized for what they are.
Duration
11 seconds
Views
11
Timestamp in Movie
01:10:05
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
An example of this is PFI, the private finance initiative. - The Spider's Web: Britain's Second Empire 00:06
An example of this is PFI, the private finance initiative.
It is a way of funding public infrastructure, - The Spider's Web: Britain's Second Empire 00:16
It is a way of funding public infrastructure,
Over a period of 30 or 40 years, - The Spider's Web: Britain's Second Empire 00:12
Over a period of 30 or 40 years,
So it's basically a giant accounting scam. - The Spider's Web: Britain's Second Empire 00:06
So it's basically a giant accounting scam.
Once the PFI policy has been set up, - The Spider's Web: Britain's Second Empire 00:23
Once the PFI policy has been set up,
- Effectively saying, "Come to us, and we will show you how - The Spider's Web: Britain's Second Empire 00:11
- Effectively saying, "Come to us, and we will show you...
- Even the offices - The Spider's Web: Britain's Second Empire 00:08
- Even the offices
HMRC, which is the tax collector here in the UK, - The Spider's Web: Britain's Second Empire 00:14
HMRC, which is the tax collector here in the UK,
- [Narrator] The company that owns the PFI contract - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] The company that owns the PFI contract
Because the interest was so high, - The Spider's Web: Britain's Second Empire 00:07
Because the interest was so high,
In 2011, HMRC could not prove - The Spider's Web: Britain's Second Empire 00:10
In 2011, HMRC could not prove
- I think we need to have a serious conversation - The Spider's Web: Britain's Second Empire 00:16
- I think we need to have a serious conversation
The reason we were protesting - The Spider's Web: Britain's Second Empire 00:15
The reason we were protesting
We know that these products are not being marketed - The Spider's Web: Britain's Second Empire 00:07
We know that these products are not being marketed
The only motivation is to spread the reach - The Spider's Web: Britain's Second Empire 00:07
The only motivation is to spread the reach
And it's all being promoted in the interests - The Spider's Web: Britain's Second Empire 00:06
And it's all being promoted in the interests
What you're seeing is basically - The Spider's Web: Britain's Second Empire 00:06
What you're seeing is basically
You've had initially occupation and resource extraction. - The Spider's Web: Britain's Second Empire 00:07
You've had initially occupation and resource extraction...
And through that process, countries like Britain, - The Spider's Web: Britain's Second Empire 00:15
And through that process, countries like Britain,
- [Narrator] The City of London - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] The City of London