Instead of letting banks hoard the QE cash that is being pumped into UK plc why not prod them to lend by creating a retail division of the Bank of England. No fat cats to pay and no shareholders to keep happy. Not only would it actually lend it would do so at a rate far cheaper than the greedy banks. Just imagine – it would be so popular it could well destroy one or two banks! Not only that it would make so much money that the government could float it in a few years time. And a strapline? “Bank of England – the lending bank”

Written by FDAdmin