"some of the City’s biggest investment banks – including Goldman Sachs and UBS – are charging the government a £1 fee for work that would normally cost tens of millions of pounds."
"Oliver Holbourn, head of market investments at UKFI, said some City firms had even offered to pay the government to work on its privatisations."
"The banks, however, eventually concluded that such arrangements could be an offence under the US foreign corrupt practices act."
"Oliver Holbourn, head of market investments at UKFI, said some City firms had even offered to pay the government to work on its privatisations."
"The banks, however, eventually concluded that such arrangements could be an offence under the US foreign corrupt practices act."
https://www.theguardian.com/business/2015/sep/08/mps-warn-uk...