Positive Money on Radio Free Brighton
As Chancellor George Osborne delivered his Autumn statement on the economic state of Britain, Radio Free Brighton decided to cut through the hyperbole and speak with Ben Dyson about one of the main problems at the heart of the current crisis.
The full interview (15 mins) can be heard here.
Most of the money created in the UK is conjured into existence by private banks – such as Lloyds TSB and Barclays – whenever they make a loan. This means we will always need debt if the economy is to grow, and that banks have the power to decide where money is invested. Both led to the bubble that finally brought the economy to its knees back in 2007-08.
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