Money laundering

[DimPrawn]

Easy for a Russian billionaire to buy houses, yachts, nuclear weapons in the UK.

However, you try putting £50 into your childrens savings account without a grilling and endless form filling.

Thank EU for more pointless red tape.

[Hobosapien]

Easy for a Russian billionaire to buy houses, yachts, nuclear weapons in the UK.

However, you try putting £50 into your childrens savings account without a grilling and endless form filling.

Thank EU for more pointless red tape.

That's because they don't want people saving. The ruskies aren't putting the money into a savings account.

They need the 'I want it now, on credit' culture to keep the economy afloat through spending. So they do that 'money for lending' thing where banks get access to cheap money so they don't need to give savings rates above inflation.

The solution for the plebs? An app that pools everyone's savings into one account so it has enough moolah to get through the front door of the private banks where the normal rules don't apply.