Let's get back to those 'accounts', those unaudited accounts.
In reality they are unaudited, there is no detail.
For example we know how much money has been (to use the 'magic' word) 'Notionalised' by pressing a button on a mouse but we don't know to whom it has been given, how much they got and how much they are being charged for this 'free money' all we do know is that thanks to a bit of 'creative accounting' we are very likely to get back only exactly what we (the tax payer) have mortgaged ourselves to provide for this game.
Because although it is just a click on a mouse button the reality is that it will eventually be added to our taxes, not the entire sum of course as that will be returned, but the 20 to 25 years of 'interest' we have to absorb will be added to our taxation. Even 0.5% over that time scale is a goodly approach to 13% and the sums involved are so enormous that it beggars belief.
But because, despite the 'facade', this really is a Private Company that has a Royal Charter meaning it is neither fish nor fowl as far as auditing is concerned, we know nothing, just a sop to keep the mildly enquiring happy and unconcerned.
Real scrutiny exposes this simple truth.
As in all things, the litmus test is the maxim 'cui bono'... well one thing IS for certain, it ain't us, Mr. and Mrs. Average.
This 'top down' model fails us at every turn, takes away chairs and stops the music at will and seemingly from every Historical occasion does so whilst bolstering it's own position.
I'm a reasonable man and thought 7 years ago this was just another recession and the outcry for Bankers to be burned at the stake was OTT, but, the more you look, the harder you look and the harder you look the harder your heart becomes and frankly had I known then what I know now, I'd have been dipping the brand in the oil and heading for the BoE looking a for a Witch-in-a-suit.