Private Eye on the Political Influence of Big Accountancy

Beastrabban\'s Weblog

In my last post, I criticised the pernicious cross-party influence of the think tanks and lobbying firms. I posted up an article on them from a 2012 issue of Private Eye. That same issue also carried another relevant article, describing the way the big accountancy firms, in this case, PricewaterhouseCoopers were also working for all of the major political parties. They were similarly active promoting their polices of tax avoidance, while avoiding the repercussions for their role in the collapse of banks such as Northern Rock and the development of tax avoidance schemes. The article ran

Anybody wondering why the fallout from recent financial scandals never gets too near the big accountancy firms that are at the heart of so many – the failure to audit collapsing banks properly, the sale of billions’ of pounds’ worth of tax avoidance schemes – will be interested n a few lines from…

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