Showing posts with label Prince Andrew. Show all posts
Showing posts with label Prince Andrew. Show all posts

Sunday, April 29, 2007

Blue-blooded Door-to-Door Salesman

The Royal Family - Capitalism personified .

The Independent on Sunday interviewed Prince Andrew , second son of the Queen or "Air Miles Andy" as he is sometimes known as . He is presently employed as a "roving ambassador" for UK Trade & Investment (UKTI), the government quango that lobbies on behalf of British business overseas and tries to attract foreign investment to the UK. In November, the former CBI director-general Sir Digby Jones was appointed business adviser to the Duke.

Lord Levene, chairman of Lloyd's of London, wrote personally to the Duke to thank him for helping the reinsurance market in obtaining a licence to operate in China. The Duke had met the vice-mayor of Shanghai and raised the issue.

The Doncaster-based furniture maker BLP also credits him with having helped in the lifting of unexpected tax duties on the new £35m factory it had built in China.

He can be relied on to deliver the official line. Asked whether it was right for the Government to drop the investigation into British defence firm BAE Systems over alleged bribes to Saudi officials, he replies: "There was no case to answer for BAE."

Nevertheless his qualifications to promote British business interest is not based on any specific knowledge or acumen .

Talking about Barclays' proposed takeover of ABN Amro, he says: "It's quite complicated. I don't profess to understand [all of it]. That's something someone in the City understands and I don't."

He is simply the gloss and image salesman for British business that the government are willing to fund at £500,000 bill for his UKTI work this year

"In terms of the return on investment to the UK, bearing in mind I am part of a number of people, I would suggest that £500,000 is cheap at the price..." he says "I bring down a drawbridge if necessary and allow those [British] companies to be able to go through the window, go through the door or go over the drawbridge."

Indeed, the Blue-blooded door-to-door salesman for British Capitalism on the world market .