Should we stop paying the Bank of England interest payments on Commercial Bank deposits?

votes

JasBro

calendar icon

04.10.2024

views icon

52 views


The Bank of England charges the UK Gov £35bn a year in interest on money they hold on behalf of commercial banks to help them in the event of another banking crisis. The European Central Bank (ECB) has already stopped paying interest on deposits it holds for the same purpose. Is it time we stopped this as well & used the money to fund public services.

people

0 Votes

0 Votes (0%)
0 Votes (0%)

Share on :

Write a Reply or Comment


Leave a Reply

Your email address will not be published. Required fields are marked *