Banksy’s latest is a comment on the deregulation of state industries. In this graphic case it is an image of the change from the old to the modern British Telecom (BT). This is portrayed by a bleeding old style phone box in Soho (London)

A BT spokesman said: “This is a stunning visual comment on BT’s transformation from an old-fashioned telecommunications company into a modern communications services provider.” (BBC)

What the BT spokesman failed to mention is the reduction of universal service when follows in the wake of any deregulation. The transformation of a public service company into a modern industry player is not always something to be proud of. The mutilatd phone box has unfortunately already been removed.

Larger image on Banksy’s site.