‘Bold’ Bank of England? Don’t credit it

Faced with a crisis, the best idea that the Treasury and the Bank can come up with is to try to keep the economy afloat by effectively pumping billions of pounds into it. Not to restructure anything or make any fundamental changes, but to extend the credit to grease the palms to keep the racket going.

I've been saying this sort of thing for years... the UK has been zooming up the wrong road for decades now. Like how we barely make anything to sell to the rest of the world anymore [except for weapons - which invariably get used against us - d'oh - but that's a rant for another time] - Thatcher destroyed a lot of the old industries (which was more to break up the working class power base than anything else) to replace them with the stock market (yay! let's make money by moving money around the globe) and the phenomenon of 'hostile take over bids' - leaving ordinary people to do what? Buy and sell each other's houses? - cut each other's hair? sell each other insurance and debt consolidation loans from call centres? Blah blah blah - rant rant rant.