The banks are obsessed with lending to property owners and developers,at the expense of other businesses – and the government gives them its full backingWhen everyone around you sits on their hands, it’s tempting to retract control. While companies refuse to invest and Whitehall is paralysed by Brexit, and why not legislate and nationalise to get something done?Britain is in the midst of an investment crisis,a productivity crisis, an income crisis and an inequality crisis – and all are so entrenched that they are beyond policies that tinker or No 10’s “nudge unit”.
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Source: guardian.co.uk