Submitted on Wednesday 7th August 2013
Published on Thursday 8th August 2013
Current status: Closed
Closed: Friday 8th August 2014
Signatures: 2
Publish the actual number of borrowers who are not banks, who are paying only 0.5% on what money they have borrowed since the rate came down to 0.5%.
The rate of 0.5% applies to money borrowed by the banks from the taxpayer funded Bank of England. The banks then pass on that saving in the form of interest rates in the region of 10%. Banks are making HUGE immoral profits at our expense which is government facilitated ripping off of the taxpayer. IT MUST BE STOPPED. WE SHOULD ALL BE PAYING 0.5% ON MONEY WE ARE BORROWING FROM OURSELVES?
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