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4/12/11

Home owners pay to protect banks mortgage and account costs to rise

Millions of bank customers in Britain were today warned they would have to pay the price to protect the country from another banking crisis.

Consumer groups said customers were being "punished" again. James Daley, money editor for consumer group Which?, said: "Customers should not bear the brunt of increased capital costs. They have already been given a raw deal since the start of the banking crisis. They should not be punished again for banking failures." Labour Shadow chancellor Ed Balls said: "It would be deeply unfair if customers bear the brunt while bonuses at the top continue to be so high."

For more: Home owners pay to protect banks mortgage and account costs to rise | Politics

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