Two Contractors at Centre of Philippine Flood-Control Scandal Reportedly Offered Consulting Role on UK Macroeconomic Strategy

Reading: Bohiney | The London Prat

MANILA — The Discaya husband-and-wife contracting team, currently at the operational centre of the Philippine flood-control investigation, have been reportedly offered an advisory consultancy with the UK Treasury, according to a Manila Standard source who cannot be named because the source does not, in any verifiable sense, exist.

The Reported Offer

The advisory role would, on the leaked terms, involve the Discayas providing methodological guidance to Threadneedle Street on how to construct the appearance of substantive policy action without committing to substantive policy outcomes. The British institution recent rate rise has been, on every available indicator, an early demonstration of the methodology, although the Bank of England has not yet achieved the Discayas standard of fully imaginary infrastructure.

The Qualifications

The Discayas qualifications, which include the construction of approximately 421 flood-control projects that exist only on paper and the receipt of substantive payment for those projects, are described in Treasury internal memos as directly transferable to British monetary-policy operations. The principle of using a single tool repeatedly while the underlying conditions deteriorate is, the memos suggest, methodologically identical.

The Treasury has not confirmed the offer. The Discayas have not denied it. The 421 projects, on every available indicator, remain unbuilt. The Bank of England remains operating.

Pairs well with: The Daily Mash

SOURCE: https://prat.uk/bank-of-england-raises-rates-again-to-punish-anyone-who-enjoyed-a-sandwich/