You know that £50 billion we gave the banks a while ago? Remember how it didn’t really make a blind bit of difference, and how the government said: “Oh OK then, here, have another £500 billion – just please for god’s sake start giving people mortgages again so we can re-ignite the housing boom and [...]
The stated purpose of the wide-ranging, privacy-destroying, state-interventionist ‘War Against Terror’ legislation is to protect our way of life and ensure that anyone threatening the peace and stability of either the UK or the US is swiftly and ruthlessly dealt with.
Yet what the UK, the US and other countries currently face has an even greater [...]
All this talk from the government about of a ‘People’s Bank‘ is starting to look interesting. Consider the following:
The current, free market, banking system has pretty much failed, as a result of which much of it is now owned (or at least heavily supported) by British taxpayers.
The government is desperate for banks to start lending [...]