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UK banks benefited from £38bn ‘too big to fail’ state subsidy

  Britain’s biggest banks benefited from a “too big to fail” subsidy from the taxpayer of £38bn last year, according to a leading economic thinktank, reads the Guardian on 17th December 2013. The New Economics Foundation (Nef) said the big … Continue reading

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People living in the real economy know the crisis isn’t over

Although it is unnerving to think about, most economists and politicians do not fully understand why the financial crisis happened, reads an article written by Fran Boait, Positive Money, in The Revolver issue of the Strike! magazine (page 4) Here is a short … Continue reading

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Is Bank of England actually capable of dealing with asset bubbles?

House prices in UK are rising at nearly ten times the pace of average earnings. The Bank of England has already scrapped its Funding for Lending scheme for mortgages, in order to cool the housing markets. Chancellor George Osborne insisted in the Autumn … Continue reading

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