Sunak’s family firm signed deal with BP before opening new North Sea licences
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Sunak’s family firm signed deal with BP before opening new North Sea licences
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Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#2Unbelievably corrupt
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#3They also reinstated IR35 regulation that favours his wife’s Infosys outsourcing firm. The UK is such a dysfunctional country that I wouldnt be surprised if the government would simply decriminalise corruption and influence peddling in particular.
The latter is illegal but barely enforced. I predict that if the situation continues the country will simply implode.
The left will no doubt blame Brexit, but the left is equally incompetent to the ruling right (if not more, since their go to solution is even higher tax hikes).
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#4This feels like a nothingburger:
- Infosys already had a $100m/year contract with BP
- the new contract is 1.5b over 10 years, so a significant increase, but as part of the contract infosys becomes the primary IT partner for BP, therefore not an unimaginable increase
- Infosys's customers include Shell, Aramco, Chevron, and others. They're one of the top IT services company for the energy industry, so this isn't an outlandish customer for them to have
- Infosys's revenue in 2021 was $12b, making this contract ~1% of their annual revenue. The net increase over their previous contract is .4%
In short, this looks like a fairly standard contract from a provider that was already heavily represented in the industry and has an existing substantial investment with the customer - and one that doesn't materially impact the trajectory of the company. Other than the timing of the events, there doesn't seem to be anything to suggest inappropriate actions on anyone's part.
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#5Unbelievably corrupt
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Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#6As much as I don't trust the current and recent crop of senior UK government politicians, this is a editorialised title.
The company, Infosys is his father in laws (his wife does have shares), and as far as I can see there is no link between this IT contract and North Sea oil rights. But maybe I'm wrong and it a simple bribe, but I doubt it.
Fundamentally though, a billionaire should not be a political leader, too much opportunity of corruption or the appearance of it.
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#7They also reinstated IR35 regulation that favours his wife’s Infosys outsourcing firm. The UK is such a dysfunctional country that I wouldnt be surprised if the government would simply decriminalise corruption and influence peddling in particular. The latter is illegal but barely enforced. I predict that if the situation continues the country will simply implode. The left will no doubt blame Brexit, but the left is e…
Two-party "democracy" gave the UK a decade of ill-represented government.
The switch from FPTP to a proportional ranked voting system needs to happen for its democracy to be sustain itself in the future.
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#8This is outrage clickbait for the gullible. Infosys already had BP as a major customer for a long time.
> The CEO of one of Infosys' other major clients, Shell, also joined Rishi Sunak's new business council two weeks ago.
Gasp, CEO of one of biggest oil companies joined a Prime Minister's business council...call the cops! Again, Infosys had already worked with Shell for a long time.
Have a look at other articles on this website...it's an outrage blog designed to extract money by playing with people's emotions and intellect. The kind of "journalists" that deserve to be permanently laid off.
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#9This feels like a nothingburger: - Infosys already had a $100m/year contract with BP - the new contract is 1.5b over 10 years, so a significant increase, but as part of the contract infosys becomes the primary IT partner for BP, therefore not an unimaginable increase - Infosys's customers include Shell, Aramco, Chevron, and others. They're one of the top IT services company for the energy industry, so this isn't an o…
But that's the structural problem with the likes of Sunak being in government: maybe it's all legitimate business, but because of his role it looks bad, and there is no real way to prove it one way or the other.
An honourable person would recuse himself from situations where even the suggestion of impropriety is possible. Sunak should not have been PM to start with.
Re: Sunak’s family firm signed deal with BP before opening new North Sea licences
#10As much as I don't trust the current and recent crop of senior UK government politicians, this is a editorialised title. The company, Infosys is his father in laws (his wife does have shares), and as far as I can see there is no link between this IT contract and North Sea oil rights. But maybe I'm wrong and it a simple bribe, but I doubt it. Fundamentally though, a billionaire should not be a political leader, too mu…
Its super unlikely to be a direct bribe, I think that much is fair to say. But I think viewed differently, the article is saying: Sunak's family has a tremendous interest in BP and Shell needing consulting services. Might this have an indirect effect on Sunak's willingness to legislate in ways that are highly likely to increase the amount of consulting services BP and Shell need?
Its not bribery, by any means, but I think its definitely noteworthy that these pressures / considerations may be involved