Not only the wildlife and the environment suffer from the BP oil spill. Local residents, fishermaen and the holiday trade have all suffered.So how about BP? Of course they will suffer too, won't they?
Well, actually... not much. Apart from any fines imposed by the US government for negligence, BP will actually transfer about a third of all costs dealing with the cleanup and compensating businesses directly onto the taxpayers of the UK and the US, deducting all these costs from their taxable profits. This is estimated to be around $10 billion... very nearly the amount 'Call Me Dave' claims benefit cheats are overclaiming by.
What a coincidence!
