Economists estimate extreme poverty could be drastically reduced for a fraction of global defence spending, yet military budgets continue to expand year on year, says JON TRICKETT MP, ahead of the Stop the War International Conference on Saturday
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Chocs away!
What links tax-dodging chocolate-maker Ferrero and Raytheon, which makes bombs that blow up children? Unsurprisingly, it’s a Tory ex-minister. SOLOMON HUGHES reports
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Andy Burnham’s growing stature has fuelled hopes of a Labour revival – but ALAN SIMPSON warns that Britain’s crisis runs far deeper than just its leadership and traces its roots to decades of financialised capitalism
AT THE end of January the Guardian reported all kinds of bad financial behaviour at chocolate-maker Ferrero.
I would just like to add one thing to its report: Ferrero has a former senior Tory Cabinet minister on its payroll. Yet again this shows that, where we find companies behaving badly, we often find Tories.
As the Guardian reported, the sweet-making company is having a fat-cat moment. Giovanni Ferrero, son of the company’s founder, is paying himself and his family a €642 million (£542m) dividend.
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