According to the National Audit Office, The UK National Debt rose by £1.5trn as a result of the Bank Bailout. This is twice the nation’s total annual budget. For this amount, the UK could have funded the health service (£106.7bn a year) for fourteen years , the entire education system for forty years(£42bn a year) or over three hundred years of Job Seekers Allowance (£4.9bn a year). Not a single banker has gone to court, let alone to jail. Instead bankers are being let off with fines and the removal of honours, effectively buying their way out of justice.
Despite current propaganda that the national debt and the ensuing austerity policies are required to roll back excesses in public spending, the reality is the Financial Crisis was caused by the unregulated financial services sector.
There was collusion between government and the financial services…
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