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The United Kingdom Of Supermarkets
Before you know it Britian’s streets will be nothing more than massive shopping aisles as the country turns into one huge supermarket.
With the likes of Tesco and Sainsbury’s attempting to put their sizeable interests into practically every sector going, news that the big four supermarket chains, which also includes M&S and Morrisons, are now planning to steal customers away from banks with their own current accounts will hardly come as much of a surprise.
‘Free-Banking’ On Its Last Legs
Start making that space under your mattress or maybe down the back of the sofa, as the end looks nigh for our (only very slightly free) free banking in the UK.
The British Bankers’ Association ,who really do sound like a lovely bunch of people, have admitted that people may eventually have to pay for their banking, with the figure of £500 being touted a possible annual fee.
MPs Hungry For Dormant Riches
According to the Mirror, MPs are desperate to get their greasy little paws on the reported £15billion lying dormant in UK bank accounts.
So much so that they want to force banks into handing over the dosh.
The growing debt crisis in the UK is starting to hit home, literally. Banks Lose Interest For Once
You can relax. The powers-that-be have decided to hold off on raising interest rates again. So, breathe a huge sigh of relief and then get back to dealing with that already insurmountable mountain of debt you have.
The decision by the Bank of England big-wigs to leave well enough alone was made against a background of uncertainty in financial markets caused by the crisis over US sub-prime mortgages and the recent drops in global stock markets.
Mortgage Fees Refund In The Offing
Just how many sneaky charges do banks and lenders manage to get away with? I reckon the overdraft charge and mortgage exit fee controversies are only the tip of the iceberg. However, according to the Telegraph, millions of homeowners who were charged those “unfair” mortgage exit fees could be in line for refunds totalling a massive £2billion.
Banks Resorting To Dirty Tactics
As the illegal bank charges debacle rumbles on, news that the banks are resorting to scare tactics will come as little surprise, unfortunately.
According to a survey by the financial website thisismoney.co.uk, thousands of customers who have complained to their bank about illegal charges have been threatened with having their accounts closed.
Credit Card Consumers Pay The Penalty
If there are three other people nearby as you read this, then one of you lot has incurred a penalty fee on your credit card over the past 12 months.
And just under half of one of you is gay. Which half and which person isn't anyone's business, but our credit card history has intrigued moneysupermarket.com so much that they've gone and commissioned yet another survey.
£2million Bank Clerk Muddle
What is it with bank staff these days? Are they so racked with guilt over illegal charges and corporate profits that they are secretly giving money away to the public?
We’ve already read about numerous ATM machine’s across the country handing out free money and now we have, what the Sun kindly calls, “a dozy bank clerk” giving a customer £2million that wasn’t hers. It’s madness!
With-profits – Without-happiness
With the financial pressures put upon us all at the moment, most of the nation would be more than happy if they were able to squirrel some cash away in saving accounts. Yet a large number of savers who have put their money into with-profits funds are struggling to raise even a smile.
Holidaymakers Paying For Using Cards Abroad
The utter lack of any kind of summer this year is enough to make any Briton forget about carbon footprints and air pollution and hotfoot it to their nearest airport to get away from it all.
But holidaymakers had better watch out. The banks are waiting to strike.