Why are we servicing a bank bailout ‘debt’ and paying interest on their debt?

A letter a day to number 10. No 1,148 Wednesday 15 July 2015. Dear Mr Cameron, If we, the great British taxpaying public, bailed out the banks, how come it’s us who are in debt and to whom? We are now paying £1 billion a week in interest on ‘the national debt’, which stands at […]

The banking crisis, the goose that laid the golden egg

A letter a day to number 10. No 1,119 Tuesday 16 June 2015. Dear Mr Cameron, Looking back to the banking crisis, I think one of the most remarkable things about it was that it never occurred to the vast majority of ordinary people, including me, that it would become the goose that laid the […]