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Stop Nationalised Banking Groups Bailed Out & Owned By The Taxpayer Increasing Mortgage Rates

Submitted on Thursday 8th March 2012

Published on Monday 12th March 2012

Current status: Closed

Closed: Wednesday 12th September 2012

Signatures: 4

Tagged with

England

Petition Action

Stop Nationalised Banking Groups Bailed Out & Owned By The Taxpayer Increasing Mortgage Rates

Additional Information

Over three years on from the bailouts and taxpayers are sitting on a huge loss running into billions and billions of pounds.

The Bank of England have kept rates at 0.5% yet major banks have announced rises in variable intersted base rates.

It's not right that families struggling to pay their rising costs now face an increase in monthly mortgage interest rates despite no hike from the Bank of England.

Is this how shareholders should be repaid?

The govenment needs to step in and force the banking groups that have been Nationalised to reduce their rates NOW back in line with the 0.5 rates set by the Bank of England.


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