by Steve Beasant on April 2, 2010
The Liberal Democrat Leader, Nick Clegg launched his most violent attack on the banks yet; claiming that the greed of the banking sector has caused unemployment and homelessness as it “held a gun to the head of the British economy”.
Speaking in a video interview conducted for politics.co.uk and Yahoo!, Nick Clegg launched a fervent attack on the conduct of the bankers before and after the economic crisis.
“It’s an outrage – a complete economic and moral outrage – the way that the greed of he bankers of the City of London has held a gun to the head of the British economy,” he explained.
“[It] has had a direct knock-on effect so young people find they can’t find work, homes are being repossessed, people are very scared about their economic prospects – and what’s happened to the bankers? They’re still raking in the bonuses.”
The Liberal Democrats are calling for a ten per cent levy on bank profits, in a campaign which alienated many key figures in the City, who are wary of the power the party might hold in the event of a hung parliament.
But asked if he was concerned that his statements might trigger a flight of capital from the UK, Nick Clegg was unapologetic.
“[This recession] was started by banks and bankers, basically fuelled by greed and deeply irresponsible business models,” he said.
“The whole thing has imploded.”Read more Leave a comment