A NATIONAL PEOPLES BANK ?

In the UK the Bank of England can create £325 billion plus of digits in the form of quantitive easing to keep the banks alive. The government talks endlessly about cutting the deficit so why don’t they create the legislation and order the B of E to create a further £325 billion plus to do just that. The government should then pass legislation that enables them to fund industries and small to medium sized businesses direct via a National Peoples Bank without recourse to the now middlemen – the commercial banks. Leave property and financial speculation to the commercial banks. Leave increasing the countries GDP, employment and general wellbeing to a National People’s Bank.

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