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Home | UK banks enjoy £46bn in subsidies |
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UK banks enjoy £46bn in subsidies
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- September 09, 2011
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“Banks occupy a unique position in our economy and enjoy privileges that other industries can never hope for.” The claim comes from the New Economics Foundation (NEF), which argues that the UK’s large banks are benefiting hugely from lower borrowing costs, which are only possibly because an implicit taxpayer guarantee means the markets view lending [...]
- Read more at:http://www.bankingtimes.co.uk/2011/09/09/uk-banks-enjoy-46bn-in-subsidies/
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