Should the government have bailed out banks?

After the financial crisis Banks like RBS were bailed out by the government and the taxpayers. This has led to the austerity that we feel today, causing huge cutbacks to the funding of schools, hospitals and policing and some people experience real hardship. If we hadn't bailed out the banks, would life be better in Britain?

If instead we had bailed out the savers and safeguard some business rather than the corrupt bankers I believe the country would have been in a better position. Allowing some banks to go bust would have ensured that those responsible for the mess should have been punished.

Comments (1)

  • The-Ruth-Gorse-logo-250x250.jpg helpful_wallaby | The Ruth Gorse Academy | United Kingdom
    06 Dec 2018

    In my opinion if the government had not done so I think those banks would no longer exist and this would cause problems with more people having to change banks all at the same time slowing down the banking system. However, if they had not spent money on this we would have better services in the NHS and better schooling like you say in your post but I still think it was the best choice for the government at the time.

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