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[...] 'I think the City is a convenient whipping boy, because everybody loves having a scapegoat,' he says. 'Everybody was more than happy to get a zero per cent interest rate on their credit card, everybody's happy to spend, consume, and spend money that ultimately they don't have.' In truth, work…

But for Simon Walker, Directory General of the Institute of Directors [...] He advocates rolling back all remaining workers' protection laws, because he does not believe it is possible to 'regulate for bad bosses'. His view is that the market will simply decide. 'I think that if a company is known …

Nonetheless, Ernst & Young's Steve Varley is insistent that tax avoidance is effectively a necessity: that companies are practically compelled to engage in the practice by law. Directors of companies have a 'fiduciary legal responsibility' to have a strategy that increases the 'financial position' …

[...] 'Ah, but the difference between tax avoidance and benefit fraud is that the former is legal while the latter is not.' But such a reply in itself inadvertently underscores how the law is rigged in favour of the wealthiest, even when their behaviour is far more socially destructive. [...]