Banking
& Finance
I’d like to take the opportunity of this coming Election to ask
that candidates do not ignore the issue of Britain’s broken and bloated banking system.
I and many others haven’t forgotten the real cause of the 2008 crisis, and we
know that our economic future is in the balance.
1. Do you agree that Cheltenham would benefit from a local
bank with a specific mandate to lend to local businesses?
2. Would you support measures to give savers rights to know
how and where their money in savings accounts and pensions is being invested,
and all of the fees that they are being charged?
3. Should the UK join the European Financial Transaction Tax
to curb ‘casino capitalism’?
4. Should Britain have a State Investment Bank, with
independent borrowing powers, like most other European countries?
5. 97% of all money is created by private banks. Only 10% of this is lent to businesses. Would you support the setting up of a
Commission in the next Parliament to consider reform of the monetary system?
These questions are suggested by the New Economics
Foundation and are backed by their extensive research into our current banking
and finance system.
