So the banks are waiting with bated breath to see if the Bank of England is going to make them put more money on one side – just in case the economy isn’t recovering quite as well as we’re being told.
Well here’s a couple of ideas for building a better economy.
1 – don’t screw up the EU subsidies for Scottish farmers, cos it doesn’t help the economy if the farmers can’t do their job or have to borrow whilst waiting for their entitlement
2 – don’t use IT Companies for government projects if they have a track record of failure
3 – perform a full audit of all IT projects that over run, including management, with an option to claw back monies from company and management alike
4 – stop bringing people into the country to do work that local people can do
5 – stop rewarding failure
And when it comes to the CAP system which is a total and utter disaster, then hold a full Public Inquiry and name names!
UK banks await turn of credit screw by Bank of England – Reuters