If this privatisation of the money supply was reversed, £50 billion would fund our public services. We could increased spending on public services wiping deficits, giving students free tuition, maintenance grants, increasing pensions, cut in taxes!

Currently the public purse benefits annually by about £1.5 billion on the profit of providing that 3% of the money supply.

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By contrast, the banks, in creating the remaining 97% are subsidised by the British people to the tune of £50 billion every year.

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If this privatisation of the money supply was reversed, then that £50 billion would be available to fund our public services without there being a need to increase taxes. Indeed, the nation could enjoy increased spending on public services — wiping out NHS deficits, giving students free tuition and maintenance grants, increasing pensions — and a cut in taxes!