Reposted by Alan Halley 🏴
Interest on Reserves: The £100bn UK Bank Subsidy You Fund.
Banks making £50bn profits a year receive subsidies, long ended by the EU.
UK Treasury will payout over £150bn over a five-year period from 2023 to 2028.
No justification for handling billions to banks.
End bank subsidies, help people.
babelfish.news
Interest on Reserves: The £100bn UK Bank Subsidy You Fund
The Bank of England has paid commercial banks £100bn in interest on reserves in three years. The EU stopped doing it in 2023 – Dale Vince says Britain must too.
