Pinnacle of Privatisation?!

The best joke I read today is from the BBC:

Downing Street said the issue of whether the Cameron family still had funds in offshore investments was a “private matter”.

Of course it is!

It’s only the money of Prime Minister’s family!  why should the public have an interest in the same?

Should running the country too, ideally, be a “private matter”?  Is this the pinnacle of privatisation?!

On a serious note, BBC says “More than 60 relatives and associates of heads of state and other politicians are also implicated.  Also mentioned are the brother-in-law of China‘s President Xi Jinping; Ukraine President Petro Poroshenko; Argentina President Mauricio Macri; the late father of UK Prime Minister David Cameron and three of the four children of Pakistan‘s Prime Minister Nawaz Sharif.  The files also reveal a suspected billion-dollar money laundering ring involving close associates of Russia‘s President, Vladimir Putin.”

“The documents show that Iceland‘s Prime Minister, Sigmundur Gunnlaugsson, had an undeclared interest linked to his wife’s wealth. He is now facing calls for his resignation.”

Does this news mean anything to UK Government and Cameron in particular?  May be, not.

While there could be nothing illegal in using offshore companies, more details should emerge to clarify – followed by further activities to reform – the operations of tax havens.

More details should come out.  While the Prime Minister is not named in the leaks himself, this should definitely not be a “private  matter”.  At least “private matter” is not how UK politics is projected to rest of the world.

What is your opinion?





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