Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Friday 15 June 2012
George Osborne and Mervyn King Announce £80bn Lending Boost
The chancellor of the exchequer, George Osborne, and the governor of the Bank of England, Sir Mervyn King, announce new emergency measures to help British banks boost business lending. In the proposal, banks will receive cut-price long-term loans, provided they pass the benefits on to their business customers
Read the article here | Larry Elliott, Jill Treanor and Ian Traynor in Berlin | Thursday, June 14, 2012
