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World

Don’t be fooled by profiteering banks

4 July 2023

8:10 PM

4 July 2023

8:10 PM

What a handy distraction it makes for the banks to stand accused of closing down accounts held by Nigel Farage and others on the basis of their political views. It is a distraction because otherwise the big banking story this week would be a meeting between the Financial Conduct Authority (FCA) and the large banks to discuss just why savings rates have failed to keep pace with mortgage rate rises.

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