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Interest rates

Comment 19th July 2010

Intoduce a law of usury – the charging of exhorbitant interest rates

Why does this matter?

Many people are charged exhorbitant interest charges e.g store cards 28 to 30 %.

All institutions who charge interest should be limited to a maximum fair and eqyitable interest rate set by the Bank of England under the supervision of the Treasury. E.G. 10% above the current bank rate

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