Anyhoo, disregarding what it may or may not have meant during the election, the PM will tell us today that it actually means taking money from dormant bank accounts idle for 15 years or more, and transferring that money into the "Big Society Bank" (which is being specially set up for the purpose). The Big Society Bank will in turn will allocate a portion of that money to local communities for local projects.
The PM is to claim that this is the "biggest redistribution of power from elites in Whitehall to the man and woman on the street".
Except that it isn't:
- The cash being used to fund the "Big Society" is not the "elite's", the raid on dormant accounts is in fact a form of taxation.
- The Big Society Bank will of course be controlled by the politicians, or their chosen appointees.
I wonder if the government will be able to keep their sticky little fingers off the millions that will be hoovered up by the Big Society Bank?
Visit The Orifice of Government Commerce and buy a collector's item.
Visit The Joy of Lard and indulge your lard fantasies.
Show your contempt for Nanny by buying a T shirt or thong from Nanny's Store.
Visit Oh So Swedish Swedish arts and handicrafts