Latest figures show Big 5 banks are now lending only half to SMEs that they pledged under Operation Merlin to an enormous fanfare of self-congratulation a year ago. There have been no checks imposed on proprietary trading or on transactions in financial derivatives, both of which were main contributors to the financial crash of 2008-9. […]
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Left Futures is a new Labour Left network. If you want to get involved as a contributor, please contact James Elliott, using the form on this page. Header images: Wind farm [credit]. Balloons [credit] and crowd scene [credit].
