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Why are the banks still in control of the UK economy?

Over the last few days a number of financial experts have been asking the question as to why the banks are still holding the UK economy to ransom. While a controversial argument, a look back over the last few months will see that the situation we are in at the moment was predominantly down to greed in the financial system. However, despite the banking sector around the world falling to its knees and having to be bailed out by billions upon billions of pounds of taxpayers money we're still waiting for increased liquidity which was promised many weeks ago.

After seemingly arranging an agreement with the banks, the UK government has now handed over billions of pounds of taxpayers money on the promise that liquidity and terms would improve for consumers. To date, this has just not happened and despite many promises from both parties there appears little likelihood of a substantial increase in liquidity or business levels in the short term. So who is to blame?

This is a very difficult question and which literally depends on which side of the fence you are sitting. The banks will question government policies around the world which encouraged people to buy property and financial markets to introduce new and exciting instruments although the government will highlight the greed factor which has come into play.

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