Exclusive: David Davis on “crony capitalism”

Prospect Magazine

Politics Blog RSS

Political Prospects Blog

Exclusive: David Davis on “crony capitalism”

/ / 1 Comment

The government is "far too close" to big business, David Davis writes in Prospect's March issue

David Davis, the senior Conservative MP and former shadow home secretary, has launched a scathing attack on what he calls “crony capitalism” of the current government, accusing it of being “far too close” to big business and “shamelessly courting” Rupert Murdoch.

Davis, who narrowly lost the leadership to David Cameron in 2005, also criticises the government’s “terrible pickle” over the £1 million bonus given to RBS’s Stephen Hester, saying: “Apparently the government…feared Hester would quit if it vetoed the bonus. So what?”

In an exclusive article for Prospect’s March issue, Davis writes that “when it comes to crony capitalism, government is often not the solution, but part of the problem…If it is not addressed, Britain’s crony capitalism will inflict huge damage to our interests, economy, industry and society. The gap between achievement and

You need to be logged in to see this part of the content. Please either subscribe or Login to access.

Leave a comment

  1. The Tories are no closer to shaking the taint of privilege issue | John Harris | Breaking news, sport, TV, radio and a whole lot more.03-26-12

Most Read


James Macintyre
James Macintyre is Prospect's politics editor and co-author of "Ed: The Milibands and the Making of a Labour Leader"