Bankers

What a fun day not only did I finish decorating my son’s bedroom (red and black hummmm nice!) and help my friend fix his car (very middle aged dad!) but also we got a nice letter from our bank telling us that unfortunately they have been unable to lower their lending rate even though the bank of England had lowered their rate by 0.5% last month. Their explanation was that this was due to “difficult banking conditions”.
Couple of things firstly how come it has taken so long to tell us, I mean it’s not like the monthly meeting to set the base rate took them by surprise, Hey guys it’s a monthly meeting if you want the date’s only too happy to help you.
What about you getting off your fat backside and meeting immediately afterwards?!
Secondly this is not the first time this has happened in fact one month you even put it up when the bank of England didn’t.
So forgive me if I don’t agree with you when you describe the account as “a great place to keep your money” it’s not.
But then we have a Virgin one account owned by RSB. That’s right the bank that likes to give their last boss Sir Fred Goodwin the odd £650,000 a year.
Now I’m not so stupid as not to realize that we all have to pay for the banks greed and our assumptions house prices would always go up in value. It’s just that when you didn’t take risks getting a mortgage up to our limit, when you plan your budget and stick to it when you even chose a bank which had nothing to do with the big four (should have seen that coming though Richard is always selling his “Virgin” brands) it hurts to hear the people responsible getting big payouts and a government doing nothing but saying “can we have your pension back?”.