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More on the loans-for-peerages affair

One of my least favourite UK firms is Capita (unaffectionately known as Crapita in some parts), a firm that provides the systems that help run things like the BBC television licence (boo!) and the London Congestion charge (qualified hiss), and which may, perhaps, be involved in operating a proposed national ID card (that would qualify for hurricane force boos all round). Well, in the light of such observations, this is rather interesting, is it not?

The chairman of Capita Group, a services company with government contracts, resigned on Thursday following publicity over a 1-million-pound loan he made to the Labour Party

It is important to remember that businesses like Capita are hardly paragons of capitalist virtue, in my opinion. Capita makes money from things like the licence fee, which essentially extorts money from people who own a TV set, even if they do not watch BBC programmes. If I were an ethical investment fund manager, I would refuse to own its stock on principle.

By the way, the idea of naming and shaming businesses, politicians and individuals involved with intrusive businesses like Capita was mentioned on Samizdata last summer. It will be interesting to see what else happens in the loans-for-peerages affair.

No wonder Blair looked miserable on Budget day yesterday.

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