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When a former minister works for an accountancy firm
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The Spider's Web: Britain's Second Empire

When a former minister worksfor an accountancy firm, he's not providing anyaccounting...

When a former minister works
for an accountancy firm, he's not providing any
accounting knowledge

Full Transcript

00:00:01.000 --> 00:00:03.907
When a former minister works for an accountancy firm,
00:00:03.907 --> 00:00:06.907
he's not providing any accounting knowledge.
Duration
8 seconds
Views
23
Timestamp in Movie
01:09:32
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.
He is opening political opportunities, home and abroad. - The Spider's Web: Britain's Second Empire 00:06
He is opening political opportunities, home and abroad.
- I hope by now you share my views - The Spider's Web: Britain's Second Empire 00:06
- I hope by now you share my views
I actually think they're engaged - The Spider's Web: Britain's Second Empire 00:07
I actually think they're engaged
- [Narrator] In Britain, secrecy and complexity in finance - The Spider's Web: Britain's Second Empire 00:10
- [Narrator] In Britain, secrecy and complexity in finance
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