Thursday, July 8, 2010

AND WHILE I'M ON THE SUBJECT

I also hate banks.

Mine wrote to me today to say it will no longer pay interest on many of their accounts which are in credit. Two of mine are affected. Who wants to bet they haven't abolished taking interest in loans or overdrafts?

It brings to mind a story I was told last week by a young family with one small child. They struggle on a hand to mouth state existence and both the mum and dad desperately want jobs but without skills, and in a city full of cheap students willing to work at odd hours and migrants taking up the kind of unskilled work they would once have done, they can't get work.

They inadvertently went 35 pence over drawn at the bank the other week. They have no choice but for their meagre benefit to be paid into a bank account anymore. As a result, they found a week later that the bank was charging them £60 for the mistake. This when the couple don't even have an overdraft facility.

This couple was lucky because they had family who would help them out of this mess. Had they not, the £60 week benefit that they live on would have been paid in, swallowed up by the thieving bank, and their child would have gone hungry. No doubt they would then have been persecuted by the state for child neglect and basically just for being poor.

It all stinks. That is NuLab's legacy. Persecution of the poor that the party was originally founded to help. Don't they make you sick. Do I expect things to be different for those on low income under the ConDem party? Absolutely not. I fear that people are going to die under this adminstration simply because they can't afford to live and this new adminstration doesn't care as long as it can save money.