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[Narrator] The company that owns the PFI contract
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The Spider's Web: Britain's Second Empire

The companythat owns the PFI contract to run HMRC's head office borrowed money from...

[Narrator] The company
that owns the PFI contract to run HMRC's head office borrowed money from offshore investors at 15% interest

Full Transcript

00:00:01.000 --> 00:00:03.084
- [Narrator] The company that owns the PFI contract
00:00:03.084 --> 00:00:06.384
to run HMRC's head office borrowed money
00:00:06.384 --> 00:00:10.134
from offshore investors at 15% interest.
Duration
11 seconds
Views
19
Timestamp in Movie
01:11:42
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.
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
As Britain's empire declined, the city transformed itself - The Spider's Web: Britain's Second Empire 00:13
As Britain's empire declined, the city transformed itse...
Former insignificant outposts of empire became the basis - The Spider's Web: Britain's Second Empire 00:15
Former insignificant outposts of empire became the basis
Today, 25% of the international finance is conducted - The Spider's Web: Britain's Second Empire 00:09
Today, 25% of the international finance is conducted
Almost half of the world's secrecy jurisdictions are - The Spider's Web: Britain's Second Empire 00:07
Almost half of the world's secrecy jurisdictions are
Up to half of all offshore wealth may be hidden - The Spider's Web: Britain's Second Empire 00:08
Up to half of all offshore wealth may be hidden
Financial services is how Britain's elites - The Spider's Web: Britain's Second Empire 00:19
Financial services is how Britain's elites
Together they have transformed Britain and its dependencies - The Spider's Web: Britain's Second Empire 00:18
Together they have transformed Britain and its dependencies