You hardly need an auditor to tell you what you can see for yourself. The unholy trinity of Central Bank, Treasury and the cabal of leading banking institutions has been operating a mutual self-help alliance that has rendered the UK's banking capability utterly dysfunctional.

In 2008, taking fright at the scale of the financial crisis in which the country was mired, the Bank of England initiated its policy of quantitative easing, sometimes referred to as 'asset purchasing' – itself a euphemism for buying electronic money, produced to order by a complicit Treasury.