It’s time for a state run bank in the UK


BBC News – How business can bypass banks.

I don’t mean a bank that is owned by the state but a bank that is run by individuals, employed by the state, who’s sole objective is to cater for the needs of UK business and UK citizens. A non-profit making organisation.

There a dozens of empty retail units on Britain’s high streets and millions of unemployed.

Why not set up regional banks and employ locals.

Ask yourself the question, why are companies such as Provident, Wonga.com, Quickquid.co.uk thriving by lending at extortionate APR rates?

The answer if it’s not obvious, people are struggling to pay their living costs, they need to borrow money to survive.

Why are businesses having to raise finance from Private Equity? Answer: they need to borrow money to finance their growth.

In truth, this should have happened 3 years ago but better late than never?

Common sense, don’t go to work without it.

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