feedmpenzaandhewillscore
Well-Known Member
The problem with the banks is the same as that with the fuel companies and the supermarkets etc - they are all run by "good chaps" who went to the same schools as these govt ministers and attend the same clubs etc. We saw the ground being laid yesterday - supermarkets accused of keeping the price of fuel higher than it should be and Govt to have a word - the response will be over a rather agreeable brandy in their club " look old boy you asked us to stop food prices rising too much and we did by off setting the costs against fuel. We have to maintain profits old chap we have shareholders and I am sure you are aware of our legal obligations to them............. aren't you one of them? "
Bank bosses told to explain low savings rates
Bosses at Lloyds, HSBC, NatWest and Barclays will meet the industry watchdog on Thursday.www.bbc.co.uk
If Sunak wants to get inflation down to anywhere near his target for the end of the year everyone needs to be rowing in the same direction. Supermarkets all conspiring to keep the price artificially high is kick in the knackers to everyone who is struggling to make ends meet at the moment. That petrol price will feed into other companies costs whether they are in distribution or other parts of industry supply chains. If their petrol is inflated you have to wonder what the actual cost of their products are as well, I wouldn’t mind most big supermarket chains made an absolute killing during covid now they are doing this.