The Bank of England has the privelidge of being the Goverments bank. In times of recession brought about by banks they lend money to them at negligable rates of interest, the money they use is tax payers money. Which the banks are supposed to use to help the nation re-cover and grow from a disaster of the banks making, in times of recession and at other times the government borrow money from the banks, at what is termed competitive rates, which is usually a lot higher than the banks got it at from the Bank of England.
A recession is brought about by several contributing factors, Greed-Irresponsibility-Short sightedness-No accountability-Throwing caution and common sense to the winds-and an attitude of its not mine, so ive nothing to lose, why should i care we are going into a recession it wont affect me i will still get paid.
This has been going on as long as we have had banking, its accepted as the normal way of doing things, we have good times and then bad times.
Government of the present and past have failed to clear the nations debt, by doing the same things over and over, just re wording what they say. If you keep doing the same thing and keep getting it wrong, change what your doing.
The changes we propose arnt radical, just different to what we have been getting, failure after failure.


