Critical Torres Questions UK economic policy

Liverpool FC striker and spainish international Fernando Torres broke his silence this week over his fears about the ongoing financial crisis in the UK and the governments response towards it.

“It gets to a point when you have to say enough is enough. So far the UK government has ploughed 175 billion of your sterlings into the economy to encourage banks to lend, despite having already bailed them out in the first place. And now we hear that there is to be another round of this ‘Quantative Easing’, which could put another 50 billion straight into the economy at the behest of business leaders and major financial institutions.”

“But the problem I have with all of this is that the money would appear to already be there, and put simply, its not more money that is the answer, at least not to my mind. No, I’ve been an avid student of economic policy for some time now and am in full agreement with David Kern, chief economist at the British Chambers of Commerce, who has put forward proposals to charge banks on deposits they are sitting on at the moment and refusing to lend out. Although I guess the worry then would be that the banks would simply put any of those costs incurred straight back onto the customer. It’s a tough one to call it really is. It makes me thankfull i'm just a footballer, it really does!”