Although we are destined to compete Brexit by the end of the year, the opportunity to take the initiative in dealing with the issue of government lifeline funds to desperate businesses is being stymied as the banks activate needless EU loan rules funds.
In the midst of the horrific drama caused by the China ‘Rona’ virus there is much medical and emotional turmoil. Our economy is also taken a battering and whilst we are scrambling for the lifebelt trust the banks to get us to sign all manner of documentation before they hand out the lifejacket to a drowning business. It’s all due to EU rules they say as they act as though they have never heard off Brexit.
Once this evil virus has passed there has to be a day of reckoning. The NHS and Health workers CARE activities need some national award – recognition to all. It could be paid for by abandoning awarding new peerages. Then the growing list of nasties; Insurance companies who refuse to pay for claims associated with the ‘Rona’ by retrospectively changing their rules. Banks who are paying out government funded loans at a desperately slow rate as they have to ‘comply’ with EU rules. They seem to have completely forgotten about Brexit to their own advantage. This is from the same banks who were handed cash on a plate in 2008 to bail them out from their self induced crisis. Germany, a member of the EU is ignoring the ‘rules’ and paying similar funds to German business at six time the rate of the UK.
It appears there is to be an eventual deep investigation into the actions of the Chinese in the handling of the ‘Rona”. This reckoning should be also made retrospective so banks can be held to account for destroying the economy in 2008 and their appalling lethargy in distributing government funds to desperate people.