The Guardian is wriggling

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The Guardian has announced it is setting up an offshore financing arrangemnt, saying:

Guardian Media Group plc, parent company of the Guardian, in partnership with Apax Partners, has incorporated a new company registered in the Cayman Islands as part of its proposed acquisition of Emap plc.

This is, as they admit, a stamp duty scam. And I like it no more from them than anyone else.

Fine hair splitting won't do on this issue: the Guardian should live by the ethic that it promotes.