They had just bailed out the entire UK retail banking sector
because the yanks had fucked the world over with their sub-prime mortgages - so there is that. That's where the money went in case anyone is interested. It wasn't an orgy of brand new libraries, minimum wage, bursaries for nurses, student fees and more bobbies on the beat. It was greedy Tory bankers who bled this country dry and they're at it again with Brexit.
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buffet_the_appetite_slayer ٩(●̮̃•)۶ jacked in to the ICE on, Fri 1 Nov 2019, 16:40,
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That's ridiculous. Nobody thinks the crash was caused by Wolverhampton having too many libraries. What they do think is that the government of the day was recklessly handling the budget in times of plenty, which bit us in the arse when the economy tanked through external forces.
The economy was a bubble. The money wasn't siphoned off, it literally didn't exist in the first place.
The money that supported the banks protected your savings, your mortgage, your pension, and very likely your job. It has also largely been repaid.
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evil_andy Stick stick stick stick sticky sticky stick stick, Fri 1 Nov 2019, 17:56,
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