Guest blog by Nondom
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| Lord Fink |
Wembley parents will have noticed that two of the most important men in the Ark organisation which runs two of their local schools, Ark Academy and Ark Elvin, have been named in the HSBC bank/Tory party donors ‘tax evasion’ scandal.
Arpad Busson, past contributor to Tory party funds, is a Founding Chairman of Ark Schools.
Stanley (Lord) Fink is a member of Ark’s ‘Global Board of Trustees’ (and recently the Tory party Treasurer). Lord Fink is the billionaire hedge-fund manager who claimed he was referred to (with Cameron) as ‘dodgy’ in Parliament on Wednesday. He is Chair of Governors of Ark Burlington Danes Academy.
· Wembley Ark school’s website claims: ‘You will see our motto ‘Civitas’ everywhere around the school. We are first and foremost citizens and this is what binds us together’.
· £70 billion is lost to the UK each year in the sort of tax evasion revealed in the HSBC scandal. If collected this would cut the annual deficit by half and make frontline cuts to schools, hospitals and local services unnecessary
· Brent’s Budget Report states that, as a result of cuts in government funding, ‘Savings of at least £53.9m will need to be agreed, most of which will fall due in 2015/16.’
When contacted, HSBC was unable to provide any advice on cuts evasion