The fight against theft by stealth goes on !!

[Peoplesoft bloke]

wow - that's a really long post. Did anyone read it?

CyberTory is crying because the nasty Labour boys (probably awful Northerners) stole his bank when it was playing nicely like a good bank, not being greedy or anything, and it's just not fair chaps, you see. He is going to cry until he makes himself sick if someone doesn't do something.

[Cyberman]

CyberTory is crying because the nasty Labour boys (probably awful Northerners) stole his bank when it was playing nicely like a good bank, not being greedy or anything, and it's just not fair chaps, you see. He is going to cry until he makes himself sick if someone doesn't do something.

Labour have stolen 100 Billion from people's pension funds since 1997 through tax credit reductions. Now they have done the same through the banks.
Many pensioners have relied on the banks dividends for income. They will now go into poverty as HMG raid any profits at 12% via preference shares for the next five years.

On top of that, what sensible bank will lend at 6% or lower if the cost of funding is effectively 12%. It just shows the trouble that HMG is in if they have to charge those rates.