The singer-songwriter Billy Bragg said the economy was still “reeling from the sucker punch” of the financial crash as he lambasted quantitative easing for increasing inequality in British society. He was speaking to an audience at the Bank of England, having been invited by the Bank’s chief economist, Andrew Haldane, who wants to broaden the range of people the Bank hears from.

Bragg, whose lyrics often span political themes, said that British citizens felt they had lost any sense of control or accountability over the economy and financial markets. He told an audience of financiers: “There may not be a mob on the streets demanding the overthrow of capitalism but don’t take that as a sign that the system doesn’t desperately need reform.”


One thought on “QE only made rich richer and gave time to reorganise assets

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