Dodgy bankers, dodgy clients

Under both the Tories and New Labour, Britain became one vast tax haven - a playground for the super-rich. Eddie Ford looks at the HSBC scandal

Over the last few weeks we have had a fascinating insight into how the other half lives - or, perhaps a bit more accurately, how the other 1,000 conduct their dubious financial arrangements. Thanks to the leaked and voluminous ‘HSBC files’ published in The Guardian and elsewhere, we now know in great detail about how the Swiss arm of the world’s second largest bank, HSBC, effectively aided and abetted wealthy clients in evading taxes.

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Weekly Worker 1046 is also available in PDF format