Archive for the ‘Banking’ Category



August 21, 2014

Just back from Loncon3, the World Science Fiction Convention held in London’s Excel centre over the weekend (the Excel centre is big…I mean vastly, hugely, mind-bogglingly big… and as a result I’m too exhausted to write much just yet) and I have all sorts of blog posts sitting in my head begging to be written.

But all I’m going to say today is this.

If I were Ed Milliband, what I’d do today is announce that, under a Labour government, it would be illegal for banks to raise the interest rate on an existing mortgage.  They have already lent the money, they must abide by the interest rate they agreed when they did so.  And that, were a Labour government to be elected, the legislation that introduced this change would be backdated to today’s date.