Posts Tagged ‘Subsidies’

Welfare for Gideon’s corporate chums, but forget about it if you’re poor

by Michael Meacher.

Last year, the “big four” banks – HSBC, Barclays, RBS and Lloyds – enjoyed a ‘too big to fail’ taxpayer subsidy of no less than £38bn, the New Economics Foundation thinktank (NEF) have revealed. This is in an economy where the budget deficit is still £111bn, and where money is so tight that Osborne has […]

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