With utility companies about to raise their services by about 13-15%.
With raw materials rising.
With Oil still up and may go higher.
With banks lending at 14-19% for business and individuals
with, with etc etc
How on earth can Inflation come down?
No. we are in a stagflation period no matter how you put it!
P.s. with interest rates at 2.05 for 3 year money and short term money at 0.5%, why do Banks in the UK lend at 14-19% and banks in Europe lend at 8%??
Also www.wonga.co.uk lending at 2300%
I have asked the Chancellor and Treasury by email. Lets see if they answer!
I have also asked why Wonga are not charged as Loan sharks.
With raw materials rising.
With Oil still up and may go higher.
With banks lending at 14-19% for business and individuals
with, with etc etc
How on earth can Inflation come down?
No. we are in a stagflation period no matter how you put it!
P.s. with interest rates at 2.05 for 3 year money and short term money at 0.5%, why do Banks in the UK lend at 14-19% and banks in Europe lend at 8%??
Also www.wonga.co.uk lending at 2300%
I have asked the Chancellor and Treasury by email. Lets see if they answer!
I have also asked why Wonga are not charged as Loan sharks.
1 comment:
Profiteering as per usual.
Just this morning I heard on BBC Breakfast that with the proposed splitting of retail from Investment that the Great British public will pay a 'small' amount more, around 20% to run their banking which is currently provided in some cases for free, and that those free accounts wouldno longer be so. The interviewer asked if this meant that had this been introduced before the collapse, it would have meant the tax payer would not have needed to bail out the money grabbing T@@ts... The answer was no but it would have cost us less! What!!!! So now we have to pay a percentage up front for the privilege
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