Partner Article

Is Nationalization of British Banks a Good Idea?

The recent Barclays Libor fixing scandal has sparked talk of bank nationalisation in Britain.

Bob Diamond has commented in the press that he feared the nationalization of Barclays after the Whitehall was told they his bank had the highest Libor rate.

The main advantage of nationalization is that banks could be reorganised whilst remaining trustworthy repositories for current transactions. They are stable, strong and must have transparency, as well as being low risk.

The argument against says that by nationalizing the banks, the Government removes businesses’ freedom, and is potentially undemocratic.

How would the nationalization of the banks affect your business? And is it a good idea?

This was posted in Bdaily's Members' News section by Miranda Dobson .