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[Narrator] In Britain, secrecy and complexity in finance
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The Spider's Web: Britain's Second Empire

In Britain, secrecyand complexity in finance and government help to obscurecorruption in...

[Narrator] In Britain, secrecy
and complexity in finance and government help to obscure
corruption in public office

Full Transcript

00:00:01.000 --> 00:00:04.136
- [Narrator] In Britain, secrecy and complexity in finance
00:00:04.136 --> 00:00:08.544
and government help to obscure corruption in public office.
Duration
10 seconds
Views
14
Timestamp in Movie
01:09:58
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.
Financial structures are often so complex - The Spider's Web: Britain's Second Empire 00:11
Financial structures are often so complex
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,