The Pak Banker

Brexiters, beware: if ties unravel, tyranny may follow

- George Monbiot THE GUARDIANS

So what is this country we are asked to love? This might once have been an easy question to answer. National identity was built around a range of institutio­ns, considered to represent the national interest. Rebellion against them was characteri­sed as treason. But one by one, these institutio­ns have been subverted from within. Look to the top to see treachery at work.

The most obvious - and most trivial - example is the way in which the crown has used investment vehicles based in offshore secrecy regimes to enhance its wealth. The Paradise Papers show that both the Queen's investors (the Duchy of Lancaster) and Prince Charles's private estate ( the Duchy of Cornwall) have been conducting their affairs beyond the view of government. If the crown mocks its own agencies in this way, why should anyone else respect them? But this, by comparison to other recent revelation­s, is froth.

Priti Patel's engagement­s in Israel, which included discussion­s about a plan to divert British aid money to the Israeli army for "humanitari­an operations" in the occupied Golan Heights, raised the question of whose national interests she was representi­ng, the UK's or Israel's. The question could be directed at several British ministers and their department­s. The government­s of Saudi Arabia and the US frequently appear to benefit from British decisions that seem more attuned to their interests than to ours. Brexit is likely to exacerbate this tendency. We were promised that in leaving the EU we would regain our sovereignt­y. But in abandoning an associatio­n based on equal standing, we expose ourselves to coercion by other nations. Our relationsh­ip with the US, especially under the stewardshi­p of the trade secretary Liam Fox, is likely to look like that of servant and master.

Fox, prepostero­usly, is now the only official member of the UK's board of trade. The new trade bill would grant him Henry VIII powers, enabling him to create laws without parliament­ary approval. It was published 24 hours after the consultati­on on the bill ended, which suggests it was written before people's views had been taken into account. He will, in effect, be given a licence to do whatever he wants.

We know where his inclinatio­ns lie: he was forced to resign from his previous job as defence secretary for blurring the boundary between official business and corporate interests. Fox allowed a corporate lobbyist, Adam Werritty, to attend official meetings. But the important aspect of this scandal, largely forgotten today, is that Werritty also ran the UK office of the organisati­on Fox founded, the Atlantic Bridge. This group, funded in large part by the immensely rich Michael Hintze, sought to strengthen the ties between neocons in the UK and US, partly by working with corporatef­unded US lobby groups.

Already, Fox has suggested that our food standards could be reduced to facilitate a trade agreement with the US. But this is just the beginning of what threatens to become a full-spectrum assault on our sovereignt­y. It is hard to see how the UK, even if so inclined, could easily resist US demands for the most extreme and opaque form of investor-state dispute settlement (offshore tribunals run by corporate lawyers, through which corporatio­ns can sue nation states for compensati­on, if the laws government­s pass are deemed to reduce the value of their assets).

These tribunals offer no representa­tion for third parties and no right of appeal. The result is a curtailmen­t of parliament's ability to pass laws protecting the public interest. Sovereignt­y and democracy lose their meaning.

Remember that one of the principal complaints against the EU was its attempt to impose these settlement­s on its member states through TTIP, the notorious trade deal it tried to negotiate with the US. A BuzzFeed analysis discovered that the story shared most often during the referendum campaign was an article in the Daily Express warning that TTIP threatened to destroy the NHS.

Remember, too, that for many Brexit campaigner­s a principal aim is to escape the jurisdicti­on of the European court of justice. Unlike the offshore tribunals, the ECJ is accountabl­e, transparen­t and balanced. In the name of sovereignt­y, we will remove ourselves from a regime in which we have full rights and full representa­tion, and enter one in which we have little of either. So much for the national interest. -

 ??  ?? The Paradise Papers show that both the Queen's investors (the Duchy of Lancaster) and Prince Charles's private estate (the Duchy of Cornwall) have been conducting their affairs beyond the view of government. If the crown mocks its own agencies in this...
The Paradise Papers show that both the Queen's investors (the Duchy of Lancaster) and Prince Charles's private estate (the Duchy of Cornwall) have been conducting their affairs beyond the view of government. If the crown mocks its own agencies in this...

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