The business community has overreacted in a genuinely spectacular fashion to the incoming anti-corruption legislation
Rather like the All Blacks performing the haka, a full-scale tantrum by Britain's business elite can be majestic in its fury. So it was difficult to ignore the histrionic reaction afforded to Jack Straw's Bribery Act, which got royal assent in the dying days of the Labour government.
The act, intended to update a patchwork of anti-corruption legislation dating back to 1906, clamps down on backhanders, sweeteners and brown envelopes lubricating the progress of transactions and is largely aimed at British companies operating overseas.
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