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It’s time to take over the banks: A contribution to the debate from the Fire Brigades Union

It’s time to take over the banks: A contribution to the debate from the Fire Brigades Union

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Published by Toni Prug
This pamphlet, It’s time to take over the banks, makes the case for a publicly owned finance industry that provides a public service, giving financial support to industry and working people. Taking over the banks will enable planning, investment and the creation of millions of jobs. A publicly owned and democratically accountable banking system is essential to developing such a programme.

The Fire Brigades Union has produced this pamphlet as a contribution to the debate on the economy. It arises out of the motion on the issue, which the FBU successfully moved at the Trades Union Congress 2012. We were very pleased that this was the first time that such a motion has been carried at the TUC. We hope it will be debated by our comrades in other unions and by other workers discussing the case for an alternative to the policies of the coalition government.
This pamphlet, It’s time to take over the banks, makes the case for a publicly owned finance industry that provides a public service, giving financial support to industry and working people. Taking over the banks will enable planning, investment and the creation of millions of jobs. A publicly owned and democratically accountable banking system is essential to developing such a programme.

The Fire Brigades Union has produced this pamphlet as a contribution to the debate on the economy. It arises out of the motion on the issue, which the FBU successfully moved at the Trades Union Congress 2012. We were very pleased that this was the first time that such a motion has been carried at the TUC. We hope it will be debated by our comrades in other unions and by other workers discussing the case for an alternative to the policies of the coalition government.

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Categories:Types, Research
Published by: Toni Prug on Feb 01, 2013
Copyright:Attribution Non-commercial

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05/14/2014

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IT'S TIMETO TAKEOVER THEBANKS
A contribution to the debate from the Fire Brigades Union
 
CONTENTS
Introduction by Matt Wrack, FBU general secretary
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Banking should be a public service
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1. The banks triggered the crisis
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2. The banking scandals continue
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3. What banks should be doing
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4. What would public ownership mean?
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5. Is regulation the answer?
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6. Should the banks be split or broken up?
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7. What will nationalisation cost?
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8. What about cooperatives and mutuals?
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9. Jobs in banking
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10. Too important to meddle with?
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11. Will publicly owned banks be inefficient?
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12. Global investment banks
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Conclusion
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Footnotes
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TUC resolution 27: public ownership of the banks
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