Problem

Concealed government subsidies

Other Names:
Bribery by government
Incidence:
As an example, the UK government deliberately concealed from the European Commission, Parliament and the general public, details of a £38 million "sweetener" given secretly to British Aerospace to encourage them to purchase the Rover Group as part of the government's privatization programme. This effectively allowed Rover to be purchased at £100 million less than the market value, which was arranged by discouraging other potential purchasers.
Problem Type:
D: Detailed problems
Date of last update
29.09.2002 – 00:00 CEST