What do people expect??? Lending is not going to stay cheap forever. It's a shame more people didn't take this into account when buying property. It's cheap lending that got us into this mess, yet people complain when it is no longer available us..

Thankfully we don't have a mortgage, paid it up 3 years ago after my hubby got made redundant from the steel industry, granted we didnt owe much, but hubby said at least that way we can't have our home taken off us if he was unemployed for a while,as for credit cards we have never had one, what we can't afford we simply do without, it's always been that way, I don't think that is a bad thing,we pay our bills put food on the table and anything that is left over is a bonus,we aren't well off by any means, but we aren't in debt either.

there you go... the banks passing there fines and ppi costs back to us.. There no better than a bunch of crooks, we need to stop using them go back to cah that will be a nice wake up call for them...

As much as I hate to say this we have all had a hand in this, and I include myself in that statement, Time was when your wages were in cash in your back pocket, the only time you used a bank was for your savings.
Now banks have millions paid into accounts in the form of wages at the end of every month, we have handed over control of our money to them because we are idle, we want someone else to pay our bills, someone else to keep tally on our spending, we just want a little plastic card in our pocket a representation of our worth, we don't know from one minute to the next what funds are available to us, and then we are amazed when we find out the people we entrust our money to are not trust worthy or reliable.
We have given them the power to do this and you know what they say "Power corrupts absolute power corrupts absoluteley.
Take back your money, take back control of your life, only spend what you can afford.
Think ! Do I need it? Will I use it? Can I afford it? answer no to any of them, just walk away and think about it
Stop being one of the sheep, possessions are not everything and only make you feel good for a very short time, and it's not long before you need your next fix.

How long before the combination of the banks and government bankrupt this country? The whole economy needs first time buyers and a healthy housing market to recover and they are doing the exact opposite. Still, all the rich politicians and bankers own property so they prefer people to rent!

that right theyve goto keep up their profits to pay out their fat bonuses

and of course spain and greece and other things we dont know about are gunna get us out of this sh1t hole,,,,???????????????????????????

Of course borrowing rates have to rise. With banks paying out all this compensation for mis-selling, and fines for fiddling, did anyone think they were going to take that money from their profits or executive bonuses?

Never mind we are sure plenty of people will be waiting to greet then at the gates of HELL!!!!

What a sad state of affairs for the British middle class. Our Government has allowed Bankers to gouge the people with high interest rate so that these Banks could make profits in the billions and reward their CEO with millions of pounds. The Bank of England the British people Banks loans these Bankers money at .050% these Bankers takes advantage of such low cost money to make more profits by charging borrowers high mortgage rates, some consumer personal loans carry interest rate as high as 10% Credit cards as high as 22% or more. The Banks no longer work for the interest of savers and the majority of the people, they reward themselves obscene profits. What we need is more Banks in the UK similar to retail stores that continue to offer consumer low prices. The other alternative is for the Government to establish a rate that is equitable to the Banks and the consumer. Joseph Foster, Author ‘’Seeing Red’’ ‘How America is losing the future’ Available at: http://www.amazon.com/Seeing-Red-Joseph-Foster/dp/1613468121/”