The lesser evil: increase IPT!
The Financial Services Compensation Scheme (FSCS) was hijacked on the eve of the Tory conference las...
The Financial Services Compensation Scheme (FSCS) was hijacked on the eve of the Tory conference last year as a means of brushing under the carpet £14bn worth of Bradford & Bingley's questionable assets and turning them into a debt owed to the government at some future date. Since then, we have seen Icelandic meltdowns and goodness knows what else; much of it has been covered by the political figleaf of the FSCS.
The FSCS is not some big fund that springs into action when problems occur; it has a
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