RISHI SUNAK AND THE BANKERS

Rishi Sunak has been reportedly keen to abolish the increase in Universal Credit payments, introduced at the start of the pandemic, and also keen to remove the pensions triple lock to prevent a higher than normal increase in pensions next year. However, it has now emerged that there are some who might benefit from a more favourable and generous side to Sunak: the bankers.

The Times recently reported that the Government is considering a number of reforms concerning the City: removing restrictions on the size of banker’s bonuses; removing the regulations to separate retail and investment banking (they were only Chinese walls); and the abolition of the surcharge tax on banking profits of 8 per cent (introduced as a gesture towards requiring the banks to make some payments towards the scale of the bank bailouts following the financial crisis of 2007).

The cap on the size of banker’s bonuses is, apparently, the matter of most concern and both the Government and the Bank of England are keen for its reform if not abolition. This would also be a part of the global Britain policy, post-Brexit – we are given to understand.

That the Government could be so reckless as to allow the major banks, once again, to take ordinary people’s money and use it to fund the much riskier investment banking, is to refuse to learn the lessons of the past. It would, once again, allow the banks to force the taxpayer to bail them out when the next financial crash occurs – even though we have yet to recover from the last one.

This is the Ponzi class/the traitor class/the globalist class running the UK for their own benefit.