deficit

Opinion Formervideoopinion former
ESRC logo
ESRC: Parliament’s power has shifted to the banks

A recent report by Positive Money into the UK’s banking system has highlighted that the banks have more spending power than the Government. But, unlike the Government, the banking system is not accountable to voters and its power is concentrated in the hands of a few people. Five banks, with branches on most high streets, hold 85 per cent of the UK’s money and they have less than 80 board members – individuals whose decisions have the power to shape the economy.

Latest articles