Reposted by Paul Myszor
Neoliberals want to cut social security, silent on subsidies to banks.
Since 2006, Bank of England has paid interest on central bank reserve deposits to commercial banks.
The EU & the Swiss stopped similar practice in 2023.
UK still paying, £100bn in last 3 yrs.
There are better uses of £100bn.
leftfootforward.org
Here’s how the chancellor can raise the billions needed to improve the quality of life of millions
Prem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward. Mi...
