Wednesday, November 26, 2008

Government's Bank raises mortgage interest rates

As the House of Commons debates their now accomplished destruction of the British economy, the first bank nationalised in the present crisis, Northern Rock, has chosen this afternoon to announce a hike in interest rates for new buyers. While politicians boast of falling rates the reality is the opposite, even from banks owned and controlled by these self-same politicians. Read the report in The Times from here.

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