Credit Card charges

Today I read that the banks have raised the credit card interest to 18.8%.
Whatever, happened to the Labour talks with the banks in not ripping off the retail customer?
I hope that people will now just stick 2 fingers up at the credit cards when people's cards are paid off and therefore, cutting off the huge profits the banks are creating from helping people to go into debt.

Power to the people !!

P.s. The credit crunch hasn't hit Holland too much because they are a nett saving country and don't like Credit.