This is some text prior to the author information. You can change this text from the admin section of WP-Gravatar To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box. Read more from this authorRemember when we bailed the banks out last year, giving them hundreds of billions? Well don’t worry because we won’t have to do it any time soon, they’re all making record profits now by screwing you and me with the highest personal loan interest rates since 2001.
The Bank of England base rate is still at 0.5% yet the average loan rate is almost 25 times that at 12.4% meaning that our cash is being loaned back to us at criminally unfair rates. Back at the beginning of the decade in in 2001 the average loan rate was 12.5% which gave banks a 6.5% profit margin but with the current low base rate banks are making average profit margins of 11.9%. They mess the country up then bleed it dry, I’m not sure how this is legal but then; what does that matter to those boys.
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