And what about the bankers who got us into this mess? Guardian columnist Polly Toynbee suggested a Transaction Tax of less than 0.01% on all large international transactions on Question Time (BBC1, 21/10/2010), a move she claims could net £20bn but the Transport Secretary Philip Hammond used the same old Government argument that this would make the banks conduct their transactions in other countries which would be disastrous for the UK’s economy. Wait a minute though – the bankers got us into this mess in the first place so shouldn’t they accept that responsibility and do what is necessary to try to dig us out of the hole they have put us in?
There is also the fact that the bankers are paying themselves out £7bn in bonuses for their ‘good’ work. Surely the Coalition Government should come down on the banks to prevent these bonuses being paid out, having the money pumped into the UK economy instead especially as some of the banks have been bailed out by the taxpayers?