David Cameron announced in the House of Commons at PMQ’s yesterday that £200m will be taken from Britain’s banks and put into the “big society bank” to be given to charities. Sounds a good and a decent thing to do?
Sorry, it’s just more lies. The £200 million will be loaned to the BS Bank at commercial rates. In essense the banks will be making profits from charities.
Here is the Treasury document detailing the stupidly named ‘Project Merlin’ (4.7 on page 5.)