The former Mayor of London, Ken Livingstone, has slammed the behaviour of British politicians claiming "we do corruption legally in this country."
Speaking to Sam Delaney on talkRADIO, Livingstone had some damning words for the Tory party in light of the Panama Papers crisis.
"The simple fact is, they're not paying their tax," the former Mayor of London said. "We now know, David Cameron's father didn't pay a penny of tax for 30 years. George Osborne's family firm paid no tax for the last eight years.
"You're not going to get Cameron or Osborne clamping down on this, these crooks are the main funders of the Tory party."
Delaney made the case that, with other areas of British manufacturing falling by the wayside, the profits from the financial sector are the only thing keeping the British economy alive. In response, Livingstone insisted: "By focusing on what the financial sector wants, you’ve damaged our manufacturing. The financial sector likes an over-valued pound and high interest rates, that’s what helps them. We used to have seven million jobs in manufacturing, now I think it’s under two million. Those were good jobs, they gave people a secure future. The financial sector is destroying a better-balanced economy.”
He also had his own theories as to the true extent of the issue regarding money laundering in British territories abroad, claiming: “We need to bear in mind that a lot of the money coming through places like the Virgin Islands is from organised crime, Russian mafia and drug cartels. One of the firms that’s being looked at now seems to be involved in helping to fund North Korea, which is developing the potential for nuclear attacks.
"So it’s a much, much more serious thing than just the fact ordinary tax payers are being ripped off.”