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Britain’s bosses would have you believe that business in Britain is groaning under red tape and punitive tax levels, inhibiting enterprise and putting British firms at a disadvantage compared with overseas competitors.
As usual, reality paints a far different picture from the tawdry image scrawled by the CBI and Tory frontbenchers. Not only do British businesses pay lower levels of corporation tax than their counterparts abroad but they benefit from the most savage legal hamstringing of trade unionism.
But boardroom fat cats in Britain have one further advantage over their competitors, which is their total inability to feel any sense of shame.
The relatively poor performance since the 1990s of pension investment funds, overseen by the top companies themselves, has brought about a wide-ranging cull of occupational pension schemes. Final salary schemes have been axed in favour of money purchase or have been barred to new employees
A. Britain is a class-divided society where the powerful dominates
B. the government adopted an inappropriate way to tackle poverty
C. social inequality is the main feature of the industrialized world
D. British big businesses should shoulder the task of removing poverty
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