The Spider’s Web: Britain’s Second Empire, is a documentary film that shows how Britain transformed from a colonial power into a global financial power. At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands.
Today, up to half of global offshore wealth is hidden in British offshore jurisdictions and Britain and its offshore jurisdictions are the largest global players in the world of international finance. How did this come about, and what impact does it have on the world today? This is what the Spider’s Web sets out to investigate.
The documentary features contributions from John Christensen a former economic adviser to the Secrecy Jurisdiction of Jersey, internationally renowned economist Michael Hudson, former investigating magistrate Eva Joly and Financial Journalist/Author Nicholas Shaxson whose book Treasure Islands served as the main source for the film.