Not able to comment on the details of England's system but we know they "the financial sector" has never been more entrenched, and more profitable than in recent years....In that respect England mimics America...
And as an example of what you say above we just voted in mid-term elections.
2 of the things we had to vote on were to float bonds to pay for the local school system---because for 3 years our REPUBLICAN controlled State legislature has been "unable" to write a budget to allocate funds which by law they must--and are in fact been judged in contempt of the Supreme Court of the State..
3 years..no mandatory budget for schools...
But it took these lackeys
just 3 days to put together and pass a $9,000,000,000 tax "deferal"---a gift---for Boeing (who has nearly abandoned manufactring things in this state (sure they still assemble aircraft....but they don't MAKE a lot of the things they assemble here)
Boeing CEO somehow has to struggle along on just:
http://www.usatoday.com/story/money/...soars/6425487/
And pooor ol Boeing is really in need of that 9 billion tax break:
But really I shouldn't complain, giving Boeing a 9 billion dollar break only costs each man, woman and child in this state just $1304....chicken feed to the CEO