Social businesses shut out of government support
15/02/2021
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news
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business
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Most 'ethical' banks don't offer bounce back loans, forcing hundreds of community-run businesses to close.
Dear Google,
What does "maximum" mean?
I read an article but couldn't understand the fine distinction between "some return to maintain viability" and "maximum profit at the epense of everyone".
In my mind, they are synonymous.
I like to use HYS to badmouth the authors of articles that I didn't really understand.
Please help
What does "maximum" mean?
I read an article but couldn't understand the fine distinction between "some return to maintain viability" and "maximum profit at the epense of everyone".
In my mind, they are synonymous.
I like to use HYS to badmouth the authors of articles that I didn't really understand.
Please help
You gave away your jaundiced view that there's nothing wrong with modern capitalism when the evidence of the last 11 years show us that it failed completely and only continues to function because governments have been magicking money onto the balance sheets and buying debt from businesses.
Since 2008 most Government borrowing has been through its bank, the BoE, buying Government corporate bonds:
https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing
The BoE is part of Government:
https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england The BoE has conjured the money it has used to buy Government bonds out of thin air.
https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing
The BoE is part of Government:
https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england The BoE has conjured the money it has used to buy Government bonds out of thin air.
The BoE has also been, since the 2008 crash, buying back Government bonds from financial institutions, who have in turn bought more Government bonds; and it's been going in that circular motion ever since.
This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
Respect to all those volunteering and helping their communities.
However, the government has to be super careful with any loan / bounce back system.
Who pays if the loan goes bad?
It should not be the taxpayer....
However, the government has to be super careful with any loan / bounce back system.
Who pays if the loan goes bad?
It should not be the taxpayer....
So the headline makes it sound like the government's fault, when in reality these "social businesses" chose the wrong bank to start with.
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Sorry BBC but so called ethical Banks what does this mean. Triodes is so ethical it once advertised for another banks ethical account. It's whole ethos is to try and make the world better for all life.
And pond life like yourself....
Dear Google,
What does Ethical Banking mean?
I cannot find the internet, although can comment on a BBC story in a thinly-veiled attempt to feign my own ignorance, which everyone sees a BBC-bashing.
Please help
Yours as always,
The anti-BBC coalition of enemies of democrary
What does Ethical Banking mean?
I cannot find the internet, although can comment on a BBC story in a thinly-veiled attempt to feign my own ignorance, which everyone sees a BBC-bashing.
Please help
Yours as always,
The anti-BBC coalition of enemies of democrary
A bank is there to judge whether they will get the interest back on the loan they pay out. They could factor in whether the industry will be alive by the time the loan is due, but beyond that they have no reason to be judging the business. If a business makes sausage casings, that is unethical to a Vegan but most of society is fine with it. Who draws the line and where?
Change bank maybe?
So the headline makes it sound like the government's fault, when in reality these "social businesses" chose the wrong bank to start with.
Yet another fine example of the Govt putting "it's arms around" the country & "doing everything possible" to help people! Yeah right!
The public inquiry if held before 2024 could spell the end of the Tories!??
The public inquiry if held before 2024 could spell the end of the Tories!??
It's not the governments fault that this groups chosen bank decided not to join it's Bounce Back Loan scheme. Triodos could have become part of the scheme but decided not too.
You didn't read the full story, you had some brain leakage, well most of it has leaked away....
This particular problem is down to a specific banks business decision not the Government.
Any public inquiry will find they made mistakes and recommend setting up a team and processes for crisis management similar to big businesses use, or even ensuring access to these. If such a team exists already - I suspect it'll be reformed to strip out political appointees and career civil servants.
Any public inquiry will find they made mistakes and recommend setting up a team and processes for crisis management similar to big businesses use, or even ensuring access to these. If such a team exists already - I suspect it'll be reformed to strip out political appointees and career civil servants.
Change bank maybe?
Mainstream banks are correct to prioritise provision of BBLs to their existing, longstanding customers and especially when the level of fraud from "new customer" applicants is endemic. It's a shame for those that are banked elsewhere but ultimately "you pay your money, you take your choice"
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
For good reason, the consequences of mass bank failures are well documented throughout the 19th & 20th centuries.
Relevance to article?
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
I'd like to point out the Restore Trust appears to be largely Government funded anyway....
"In March 2010 the Restore Trust won significant Department of Work and Pensions funding, through the Future Jobs Fund. The aim to deliver 100 paid jobs for the long-term unemployed and ex offenders over a period of 18 months."
http://self-help-housing.org/case-studies/the-restore-trust-bristol/
"In March 2010 the Restore Trust won significant Department of Work and Pensions funding, through the Future Jobs Fund. The aim to deliver 100 paid jobs for the long-term unemployed and ex offenders over a period of 18 months."
http://self-help-housing.org/case-studies/the-restore-trust-bristol/
BBLs are basically a dead-loss product for banks. Whilst the risk is underwritten by the taxpayer, the number of fraudulent cases and admin involved in trying to enforce repayment in due course will be a major headache for participating banks.
The fact that some "ethical" banks chose not to participate in helping the economy by offering BBLs is a measure of how ethical they really are!
The fact that some "ethical" banks chose not to participate in helping the economy by offering BBLs is a measure of how ethical they really are!
Your measure of ethical is not theirs. Their version has a clear definition.
Yours seems to be, "whatever they did was wrong"
The role of the bank is to meet its stated objectives, which are not, surprisingly, to repair the ecnomy after things outside of their influence messed it up.
Ethically, of course, you could lend / donate a few quid to the businesses concerned.
Yours seems to be, "whatever they did was wrong"
The role of the bank is to meet its stated objectives, which are not, surprisingly, to repair the ecnomy after things outside of their influence messed it up.
Ethically, of course, you could lend / donate a few quid to the businesses concerned.
Here it comes: build back worse
The bigger scandal not being reported by BBC is Councils sitting on £1.4bn in Covid-19 grants due for businesses. ARG funds targeted at hospitality & drinks sector since last October - little has been handed out.
Bristol City Council £965,000, or 7%, of £13.4 million allocated,
Manchester City Council £1 million, or 6%, of £16.6 million
North Tyneside £586,000 of £6.1 million – or 9.6%.
Bristol City Council £965,000, or 7%, of £13.4 million allocated,
Manchester City Council £1 million, or 6%, of £16.6 million
North Tyneside £586,000 of £6.1 million – or 9.6%.
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
with the arrival of 5 million uk passport holders educated financially astute folk from Hong Kong the economy will get a boost
They can make up for the loss of 5 million Scots. Happy days.
Relevance to article?
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Sounds like it was Triodos at fault for not supporting their businesses and they should be called out for it
Did you read the article? Triodos was not able to get the government's BBL; they didn't refuse to help their customers, they were unable to do so.
Yet again Scotland will be forced to fund england`s incompetance, we need independance now
Yes please!
I think that you have clicked on the wrong story. Obviously you did not have a Scottish education otherwise you would know how to spell 'incompetence' & 'independence' & that England is capitalised. Oh yes, before you spout your racist drivel about me being English well I'm not but a proud Ayrshire-man born, bred & taking money from the English to send home to feed the bairns!
Ha! I think England will cope without Scotland's money somehow. Particularly as in the event of you breaking away you will lose your link with the BoE and Sterling! England will be quids in!
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Wots an effical bank then??
Lotta nonsense, who cares.
Lotta nonsense, who cares.
Happyaslarry
13:12
...Some people just have a bit of empathy and have an interest in helping others.
What changed since you wrote this to make you write that?
13:12
...Some people just have a bit of empathy and have an interest in helping others.
What changed since you wrote this to make you write that?
This particular problem is down to a specific banks business decision not the Government.
Any public inquiry will find they made mistakes and recommend setting up a team and processes for crisis management similar to big businesses use, or even ensuring access to these. If such a team exists already - I suspect it'll be reformed to strip out political appointees and career civil servants.
Any public inquiry will find they made mistakes and recommend setting up a team and processes for crisis management similar to big businesses use, or even ensuring access to these. If such a team exists already - I suspect it'll be reformed to strip out political appointees and career civil servants.
Start a Community Bank for Community businesses.
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses. If any ever actually want a pub to overpay for a drink.
Borrow, James, borrow. Not "free money" as you say every 15 minutes or so.
The BBC reports a perfectly mainstream article about a perferctly legitimate issue, affecting the real lives of real people.
To you, are their real lives just a game of fantasy football league, whith bonus points for total academic purity at the expense of any and all reality?
The BBC reports a perfectly mainstream article about a perferctly legitimate issue, affecting the real lives of real people.
To you, are their real lives just a game of fantasy football league, whith bonus points for total academic purity at the expense of any and all reality?
Cue the BBC's bleeding hearts.
Nothing else to troll about today? Surely there are hungry people in Ethiopia you can castigate and blame for their own situation, and have a good dig at Oxfam & Cafod, Unicef & Savre the Children. Or perhaps slaves. You like slavery; why not blame them for their own situation, and attack anyone that dares have any other feeling?
JamesStGeorge
12:57
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses.
**
............and have you been donating to local businesses James?
12:57
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses.
**
............and have you been donating to local businesses James?
Korky the Kat
Cue the BBC's bleeding hearts.
**
A typical HYSer who gives not one stuff about others.
.......and that doesn't make me a commie.
Some people just have a bit of empathy and have an interest in helping others.
Cue the BBC's bleeding hearts.
**
A typical HYSer who gives not one stuff about others.
.......and that doesn't make me a commie.
Some people just have a bit of empathy and have an interest in helping others.
This is terrible it's like asking elderly people to pay for the very basics like radio and TV shocking.
Troll much?
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
I think that you have clicked on the wrong story. Obviously you did not have a Scottish education otherwise you would know how to spell 'incompetence' & 'independence' & that England is capitalised. Oh yes, before you spout your racist drivel about me being English well I'm not but a proud Ayrshire-man born, bred & taking money from the English to send home to feed the bairns!
So the headline makes it sound like the government's fault, when in reality these "social businesses" chose the wrong bank to start with.
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Yes, great idea.
Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.
Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.
Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
Change bank maybe?
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
Dear Google,
What does "maximum" mean?
I read an article but couldn't understand the fine distinction between "some return to maintain viability" and "maximum profit at the epense of everyone".
In my mind, they are synonymous.
I like to use HYS to badmouth the authors of articles that I didn't really understand.
Please help
What does "maximum" mean?
I read an article but couldn't understand the fine distinction between "some return to maintain viability" and "maximum profit at the epense of everyone".
In my mind, they are synonymous.
I like to use HYS to badmouth the authors of articles that I didn't really understand.
Please help
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Yes, great idea.
Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.
Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.
Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
BBLs are basically a dead-loss product for banks. Whilst the risk is underwritten by the taxpayer, the number of fraudulent cases and admin involved in trying to enforce repayment in due course will be a major headache for participating banks.
The fact that some "ethical" banks chose not to participate in helping the economy by offering BBLs is a measure of how ethical they really are!
The fact that some "ethical" banks chose not to participate in helping the economy by offering BBLs is a measure of how ethical they really are!
Your measure of ethical is not theirs. Their version has a clear definition.
Yours seems to be, "whatever they did was wrong"
The role of the bank is to meet its stated objectives, which are not, surprisingly, to repair the ecnomy after things outside of their influence messed it up.
Ethically, of course, you could lend / donate a few quid to the businesses concerned.
Yours seems to be, "whatever they did was wrong"
The role of the bank is to meet its stated objectives, which are not, surprisingly, to repair the ecnomy after things outside of their influence messed it up.
Ethically, of course, you could lend / donate a few quid to the businesses concerned.
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses. If any ever actually want a pub to overpay for a drink.
Borrow, James, borrow. Not "free money" as you say every 15 minutes or so.
The BBC reports a perfectly mainstream article about a perferctly legitimate issue, affecting the real lives of real people.
To you, are their real lives just a game of fantasy football league, whith bonus points for total academic purity at the expense of any and all reality?
The BBC reports a perfectly mainstream article about a perferctly legitimate issue, affecting the real lives of real people.
To you, are their real lives just a game of fantasy football league, whith bonus points for total academic purity at the expense of any and all reality?
Did you read the article? Triodos was not able to get the government's BBL; they didn't refuse to help their customers, they were unable to do so.
This is terrible it's like asking elderly people to pay for the very basics like radio and TV shocking.
Cue the BBC's bleeding hearts.
Nothing else to troll about today? Surely there are hungry people in Ethiopia you can castigate and blame for their own situation, and have a good dig at Oxfam & Cafod, Unicef & Savre the Children. Or perhaps slaves. You like slavery; why not blame them for their own situation, and attack anyone that dares have any other feeling?
Wots an effical bank then??
Lotta nonsense, who cares.
Lotta nonsense, who cares.
This is terrible it's like asking elderly people to pay for the very basics like radio and TV shocking.
The bigger scandal not being reported by BBC is Councils sitting on £1.4bn in Covid-19 grants due for businesses. ARG funds targeted at hospitality & drinks sector since last October - little has been handed out.
Bristol City Council £965,000, or 7%, of £13.4 million allocated,
Manchester City Council £1 million, or 6%, of £16.6 million
North Tyneside £586,000 of £6.1 million – or 9.6%.
Bristol City Council £965,000, or 7%, of £13.4 million allocated,
Manchester City Council £1 million, or 6%, of £16.6 million
North Tyneside £586,000 of £6.1 million – or 9.6%.
All posts here are on topic.
Something about Brexit or HK or vegans or cats or the EU or Trump
Something about Scotland and independence
and banks, pfft. *Rolls eyes* Banks, eh?
Something about Brexit or HK or vegans or cats or the EU or Trump
Something about Scotland and independence
and banks, pfft. *Rolls eyes* Banks, eh?
Most of what I have read in this article would suggest that these social enterprises are looking for cheap funding as opposed to loans to carry them over a rough patch. Don't believe this was the purpose of the BBL. No doubt most of these enterprises will be repay their loans, but... they can fold up and then who is on point to repay the loan?
Winge, winge, winge
The corporate state, which we now have given the victory in December 2019 of the Moseleyite faction in the Tory party, sees no value in community enterprises. Such chaotic, spontaneous acts of goodwill and understanding must be either subservient to the state or ground into the mud.
Everything must be now controlled by a certain type of politician who will tell you just what you can do.
Everything must be now controlled by a certain type of politician who will tell you just what you can do.
we have a shallow economy based on shopping holidays hospitality entertainment goods from China every other car on our roads German the other half Japanese foreigners own most of our utilities. HSBC bank controlled by China
Arabs and Russians own central londongrad
captains and kings of world finance own and run our economy we don't own anything
Arabs and Russians own central londongrad
captains and kings of world finance own and run our economy we don't own anything
We do have a Royal Family descended from Germans and Greeks, which the tax payer contributes £200 million per annum for their safety and is likely to pocket £9 billion from it's land rental to wind farms. If that cheers you up?
https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
Winge, winge, winge
we have a shallow economy based on shopping holidays hospitality entertainment goods from China every other car on our roads German the other half Japanese foreigners own most of our utilities. HSBC bank controlled by China
Arabs and Russians own central londongrad
captains and kings of world finance own and run our economy we don't own anything
Arabs and Russians own central londongrad
captains and kings of world finance own and run our economy we don't own anything
We do have a Royal Family descended from Germans and Greeks, which the tax payer contributes £200 million per annum for their safety and is likely to pocket £9 billion from it's land rental to wind farms. If that cheers you up?
https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
The corporate state, which we now have given the victory in December 2019 of the Moseleyite faction in the Tory party, sees no value in community enterprises. Such chaotic, spontaneous acts of goodwill and understanding must be either subservient to the state or ground into the mud.
Everything must be now controlled by a certain type of politician who will tell you just what you can do.
Everything must be now controlled by a certain type of politician who will tell you just what you can do.
Apparently the BBC Mods find this very much ON TOPIC.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
Meanwhile, I had noodles for lunch today. Very nice they were, too.
I think that you have clicked on the wrong story. Obviously you did not have a Scottish education otherwise you would know how to spell 'incompetence' & 'independence' & that England is capitalised. Oh yes, before you spout your racist drivel about me being English well I'm not but a proud Ayrshire-man born, bred & taking money from the English to send home to feed the bairns!
The corporate state, which we now have given the victory in December 2019 of the Moseleyite faction in the Tory party, sees no value in community enterprises. Such chaotic, spontaneous acts of goodwill and understanding must be either subservient to the state or ground into the mud.
Everything must be now controlled by a certain type of politician who will tell you just what you can do.
Everything must be now controlled by a certain type of politician who will tell you just what you can do.
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
Yes, great idea.
Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.
Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.
Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
Since 2008 most Government borrowing has been through its bank, the BoE, buying Government corporate bonds:
https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing
The BoE is part of Government:
https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england The BoE has conjured the money it has used to buy Government bonds out of thin air.
https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing
The BoE is part of Government:
https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england The BoE has conjured the money it has used to buy Government bonds out of thin air.
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
The BoE has also been, since the 2008 crash, buying back Government bonds from financial institutions, who have in turn bought more Government bonds; and it's been going in that circular motion ever since.
This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
These are the same people who will complain when their taxes to up to pay for it.
The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.