Living on the never-never

In 2008, the credit crunch brought the world to its knees and taxpayers ended up bailing out the banks. Twelve years on and what have we learned?

Many individuals or companies failed to put a bit away for a rainy day and instead exploited every type of credit available.

now taxpayers are expected to bail them out. when will we be reimbursed for keeping firms afloat that should by rights have been left to go under?

It’s understandable that banks are reluctant to hand out loans to failing companies because they haven’t demonstrated they are capable of standing on their own feet.

Credit is too easy to access, but not so easy to pay back.

BARRY DAVIES, Chorley, Lancs.