The objective was that the banks would use the money more wisely than they did in terms of stimulating the economy through loaning businesses to use the money to invest, to continue to lend to the middle and working classes to spend and to stimulate growth.
They did not do this. They tightened their lending criteria, so the money couldn't end up where it was intended, and used it to speculate further and feather their own beds.
The UK still pushes for deregulation, it's one factor behind Brexit. But I already said this, so why are you asking?
It would have been better to just hand out the billions direct to the working a middle classes in 'helicopter payments'. Or spend the money directly on capital infrastructure investment and houses to stimulate jobs, particularly in the construction industry that was initially hardest hit and bring house prices down so people could meet the stricter lending criteria.
There are many, many thing the money could and should have been better spent on. But they chose to go with the charismatic lying narcissists and sociopaths in banking who said that's what they were going to do with it.
To bring it back on topic and away from the utter nonsense being posted about banking and bank bailouts; (a few) MPs have begun to debate the PM's Brexit bill - https://www.bbc.co.uk/news/live/uk-politics-51023194
oh dear, Australia already waggles a finger....
https://www.theguardian.com/politics...l-deal-with-uk
Australia has ruled out a post-Brexit trade deal involving visa-free travel and work arrangements with the UK.
Wow I didn't know information that was posted on a major news channel and online 12 hours ago said. Obviously I come to MMO champion for that information rather than turning on the television....
LOL at this pompous little turd thinking he is some kind of news aggregation service.
Infracted.
Last edited by Flarelaine; 2020-01-08 at 06:34 PM. Reason: Flaming
Looks like even your royal family is trying to get the hell away from this nonsense now !
The Withdrawal Bill has passed its third reading and now moves to the Lords.
https://www.bbc.co.uk/news/uk-politics-51051178
... has anyone seen @dribbles???
I don't think anyone gives a shit anymore. Short of a fully fuelled A380 landing on Westminster during a full session giving us opportunity to reconsider the last General Election result, and reassess fundamentally how we're governed and represented in both houses, we are heading for a Brexit imagined by the far right, with no scrutiny or discussion in Parliament.
You got what you wanted, a Parliament unfettered by the inconvenience of having to do anything beyond what the executive tells it to do.
Mark Francois - the gift that keeps on giving - says that Big Ben should bong for Brexit.
https://twitter.com/Channel4News/sta...31755848355840
In other news that I happened to stumble upon (and I know you all want to hear) no chlorinated chickens for us!
https://www.bbc.co.uk/news/business-51054700
To be exact they haven't ruled out a free trade deal, there very much I favor of that and growing trade between the UK and aus and the UK is the 2nd biggest investor in aus.
But aus as we know is very much anti free movement, they still have them camps and aus style points systems are a big fave amongst right wing politicians in the UK.
As the guy says there's Alot of grey between free movment and no movment and there open to reciprocating what the UK gives them currently of more easy movment.
Aus hae been heavily advertising in the UK online for people to go over
Had this love latter playing for a while befor my YouTube vids