“In the UK interest rate cuts since the start of the crisis have delivered the average £103,000 floating rate mortgage holder an annual saving of £4,635.Against that the government estimates the net cost of bailing out the financial system at £10bn or £400 per household.” Lex in the Financial Times today. There are 26m households [...]
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Lex needs a new calculator
Posted in Financial Crisis, Lex, Lex watch - bun rating, tagged Banks, Dividends, Lex, LLOY, RBS, UK Household cost on December 11, 2009 | 3 Comments »
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