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Money Box

Shaking the Magic Money Trees

Money Box

BBC

Business

4.2825 Ratings

🗓️ 22 January 2018

⏱️ 28 minutes

🧾️ Download transcript

Summary

How Britain created £435billion out of nowhere - and where the money went.

Transcript

Click on a timestamp to play from that location

0:00.0

In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.

0:08.0

But the man who often found, tortured and sometimes killed these people on behalf of the IRA

0:12.0

was himself an informer, a secret British army agent with the codename Stakeknife.

0:18.0

Who gets to play God? And why me? Why my family?

0:21.3

When lies are still being told to this day,

0:24.0

who do you believe?

0:25.1

I wouldn't even know where to start,

0:26.7

and I'm with the IRA.

0:28.5

Steakknife.

0:29.7

Listen first on BBC Sounds.

0:32.6

This is the BBC.

0:42.3

Music is the BBC. At the end of the day, there isn't a magic money tree that suddenly delivers all the money that everybody wants for the spending everybody wants.

0:48.3

We have to stop thinking, as you do, that there's a magic money tree.

0:52.3

It's as if they think there is some magic money tree.

0:56.0

And let me tell you a plain truth.

0:58.0

There isn't.

1:02.0

We tell children money doesn't grow on trees.

1:06.0

Politicians tell us there's no such thing as a magic money tree.

1:11.6

But is that really true?

1:17.6

Politicians might deny it, but there really is a magic money tree.

1:23.6

And since the financial crisis a decade ago, it's produced well over £500 billion.

1:30.0

That's a staggering sum, is what it costs to fund the NHS for the best part of four years.

...

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