Plumping Up the Cushion

Now that the British taxpayer has spent a dozen or so years repaying their gambling debts, British banks are poised to take a major step towards leaving us to deal with the climate emergency. The Bank of England will be submitting a questionnaire thingy to nineteen banks and insurance companies, asking about the likely effects on their operations in the event of three different climate scenarios. Individual businesses will not be named, let alone shamed, and the Bank of England's sole reaction to the results will be to spend the next eleven months anonymising them for publication. Surprisingly, one of the three scenarios is based on the premise that governments will emulate the foresight and prudence of wealth creators and do nothing at all, resulting in a number of dampened assets. However, no protective action will be expected, let alone enforced, as long as the British taxpayer is there to be soaked.