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Radio Free Brighton News.
As Chancellor George Osborne delivered his Autumn statement on the economic state of Britain, Radio Free Brighton decided to cut through the hyperbole and speak with Ben Dyson about one of the main problems at the heart of the current crisis. Most of the money created in the UK is conjured into existence by private banks - such as Lloyds TSB and Barclays - whenever they make a loan. This means we will always need debt if the economy is to grow, and that banks have the power to decide where money is invested. Both led to the bubble that finally brought the economy to its knees back in 2007-08.
Ben is co-founder of campaign and research organisation Positive Money, which seeks to explain the current banking and monetary system whilst also offering alternatives that would help bring about a fairer economy. If you want to further understand some of the topics covered in this interview head over to the Positive Money website and check out their videos.