SolidarityEconomy.net

The Politics, Economics & Culture of Radical Change

January 2, 2007

GLOBAL NOTES # 12

by

Chinese steel millby Jerry Harris

.Saudi Arabia blackmails the UK

Just how far has the British empire fallen? The great colonizers are now cowered by threats from Saudi Arabia fearing the loss of jobs and defense contracts. It appears that the UK defense giant BAE set-up a multi-million dollar slush fund for Saudi princes in order to obtain multi-billion dollar defense contracts. When the Serious Fraud Office threatened an investigation the Saudis hit back threatening to cancel a $79 billion deal for Typhoon fighter jets and move work to France. Prime Minister Tony Blair stepped in and told Lord Goldsmith, the attorney-general, to drop the case. As Blair stated: “Had we allowed things to go forward, we would have done immense damage to the true interests of this country, leaving aside the fact that we would have lost thousands of highly skilled jobs and very, very important business for British industry.” (more…)

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