Bank of England policymakers have said that the public is right to be angry over bank bailouts and the economic difficulties facing Britain’s younger generation. Bank of England policymakers have said that the public is right to be angry over bank bailouts and the economic difficulties facing Britain’s younger generation. Public right to be angry over bailouts, says Bank of England policymakerSpeaking at the Bank of England’s Future Forum in Liverpool, deputy governor Sam Woods said that the amount of public money pumped into failing banks during the last financial crisis was “a terrible thing”. However, he said that the Bank was making headway in ensuring that the public purse would not have to be plundered in order to save failing lenders. It calculated that 56% of the gains from unfreezing benefits from next April would go to millennials, born in the 1980s and 1990s.

Source: Irish Independent November 16, 2017 19:07 UTC