I thought this was interesting.
Threadneedle Street is now paying 5% interest on £700bn of bank reserves at cost to the exchequer of £35bn a year.
https://www.theguardian.com/business/article/2024/aug/04/a-simple-solution-to-rachel-reeves-spending-cuts-stop-subsidising-the-banks
Yes, I read that article and wondered why the Bank of England wasn't telling banks to invest that £700bn in the UK economy?
This was a Reform manifesto policy
@Lebowski started
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I thought this was interesting.
https://www.theguardian.com/business/article/2024/aug/04/a-simple-solution-to-rachel-reeves-spending-cuts-stop-subsidising-the-banks