Douglas Carswell's Blog

Where is the free market in banking?

They receive billion pound bailouts from the state.

They are handed large dollops of cheap credit by central bankers, which they then profitably lend on.

Barrier-to-entry regulations have prevented competitors challenging their market position.

Some, it has been alleged, have even manipulated the lending rate.

Surely our banks are the way they are not because of the free market, but as a consequence of crony corporatism? 

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