In the UK the benefit system is under heavy attack. In most ways this is a good thing. It was so easy for youngsters to just have another baby and so get more child benefit, a larger paid for council house, tax credits etc etc. So many drop out of school and have no idea what a job is. Obviously not a sound policy to let this carry on.
The trouble is, if there are no jobs for these people to fill, then what? Our govt. is constantly coming up with schemes to give the banks more cash to lend to small business and start up enterprises, but the banks keep the cash to cover possible hits, like from the payment protection scheme payback, billions of pounds worth.
So non-joined up thinking reigns again. Again, public services are being financially stripped to the bone. Now a lot of liberal types are on their soap boxes crying about how these cuts (and benefit reform) effect the worst off the most. And there does seem to be some truth in it. But the real point is, if the department is run properly, then the cuts are coming from red tape and back office staff, civil servants, whereas the front line services are largely uneffected. Yep, this country is awash with useless beaurocrats, but they also require jobs worthy of their education and experience, managers maybe but constructive ones. Private industry is much harder to hide in than govt.
So boiling down what info I can gleen from reading between the lines, it seems to me the treasury is still just feeding the banks, I can't see why it can't put stricter stipulations on what the banks do with the money, I know there is a LOT more to it than that, but I like to keep it simple, all the detail obscures the fact.
Summary - trim the fat. (efficiency). Distance Govt. from banking and big business.
Britain will be ok, we have the Dunkirk spirit remember. And economies seem cyclic from history. Dunno, maybe an economist can comment on that last bit?