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Britain fails to honour a key international anti-bribery convention

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17 10 08 - 05:07
British business was on Friday branded with an unprecedented corruption health warning by the Organisation for Economic Co-operation and Development over London’s failure to combat corporate foreign bribery.

The OECD’s key anti-bribery group said multinationals and international institutions dealing with British companies would face higher costs because they would have to take extra care to avoid becoming entangled in corruption.

The OECD group has no formal powers to impose sanctions against Britain or force companies to change their behaviour, but its criticisms will be widely noticed worldwide and could have both a reputational and practical impact on British multinationals.
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Britain used to be a nation reknowned for fair play, orderliness and reliability. What happened?

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"To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow; a poor player,
That struts and frets his hour upon the stage,
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
"

From William Shakespeare's "Macbeth"