Community Activists Network
Another week, another banking scandal. If you’ve seen the papers you’ll have seen Barclays boss Bob Diamond falling on his sword and professing his love for Barclays, the bank at the centre of a scandal about manipulating interest rates. Politicians have been expressing their moral indignation that a bank – a bank, of all things! – could do something that wasn’t entirely in the public interest. And yet, for the fifth year since the banking crisis started, the media once again managed to…Continue
Posted on July 6, 2012 at 10:30
Budget day today, however, this is not the place for a full analysis of the ongoing deckchair rearrangement.
We here at Positive Money just wanted to remind Osborne, Cameron and Clegg that there is an alternative to selling off anything not nailed down (motorways don't need nailing).
In 1844 a Conservative government, lead by Sir Robert Peel, passed the 1844 Bank of England Bill. This Bill outlawed the creation of money by private banks, after they unsurprisingly went a…Continue
Posted on March 22, 2012 at 11:45 — 7 Comments