TUC general secretary Brendan Barber said: '... These people are not scroungers. They are blameless victims of a worldwide economic downturn and deserve to be treated as such.'
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We have given far too much weight to the interests of the financial sector, and began to believe it could create wealth simply by moving it around, rather than through long term investment in the goods and services that people want and need
but it can still be made positive if it becomes a turning point - the year in which we set out to build a deliberately different kind of economy
Banks are putting building up their balance sheets and paying back government loans as their top priorities. But they hold high levels of toxic debt which prevent them from dealing with other banks in a normal way. The government and the Bank of England must, therefore, consider injecting even more support into the financial system to get credit flowing again