Corporations

Example of how corporations lobbied the government?

David Cameron became an advisor to Greensill Capital
- Multiple texts to Rishi Sunak, and phoned two treasury ministers.
- Wanted Greensill to be allocated large allocations of government loans, offering loans up to £50mill
- Took Lex Greensill to a private drink with Matt Hancock
- Bill Crothers worked as an advisor since 2015 after being given approval by Boris Johnson
- Lex Greensill nominated by Haywood for a CBE.
- Personal contacts for preferential treatment

Example of how multinational corporations negotiate better peace deals?

Multinational Corporations can negotiate better tax deals, for example, in 2018, Google avoided £1.5 billion pounds in tax. In 2016, Google reached a deal with the government after dozens of meetings to secure an effective 3% tax rate on profits estimated to be more than £7 billion

What is the revolving door process?

There has also been discussion of the so-called 'revolving door' process, where senior politicians and officials take well-paid jobs in the private sector after they leave government service.

What was the highest political donation in 2022?

1. £250,000 by Flowidea Ltd to the Conservative Party

Evaluation of corporations?

There can be no doubt that corporations have a huge influence in British politics, much of which is enabled by the money they can spend and the lobbying they can carry out. However, there is an argument that as employers this is essential. However, many would argue that the impact major corporations have is disproportionate and comes at the expense of ordinary voters.