Beware of Farage’s £40 billion raid on banks: there’s no such thing as a free lunch

It never seemed likely that the arcane subject of the payment of interest on commercial banks' deposits with the Bank of England would become a topic of conversation along the Dog and Duck. But this is apparently what happened after Nigel Farage last week discussed the policy of not paying such interest on the TV show Laura Kuenssberg.

I have written about this subject before, but now that it is playing a role in the election campaign - it is an important reform policy - ​​it deserves further attention. Does this offer an attractive option for a cash-strapped government? (Be ...