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After the 2007-08 crash the UK state found £1,162bn (£133bn cash + £1,029bn guarantees) to rescue banks. £895bn QE. Economy is yet to recover. Average real wage hardly changed since 2008. Finance being deregulated again. Cost of the next crash?
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Prem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward. Th...
leftfootforward.org
The finance curse is devouring the UK
Prem Sikka