13 March 2006

War, what is it good for? Lots and lots of money

Anyone who suggested that the war in Iraq has not benefited anybody may be interested to know that the first comprehensive investigation into UK corporate investment in the country has discovered that British businesses have profited by at least £1.1 billion since coalition forces ousted Saddam Hussein in 2003. The report highlights how much is at stake for British companies if the UK withdraws its military protection.

British and, of course, more importantly American company involvement at the top of Iraq’s new political and economic structures means Iraq will be forced to rely on UK and US businesses for many years to come. Even before the lucrative oil contracts are handed out it is clear to see who the real winners have been in the ‘War on Terror’.

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