Updated: Wednesday, 11th August, 2010 4:56pm

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Wrong rates move by rescued banks

Dear sir - The banks should not be allowed to put up their rates when 30,000 people are behind with their mortgages and the statistics are higher if you count people paying interest only. To increase interest rates on top of this for people who are already struggling to pay everyday bills is a disgrace. These are people who have lost jobs.

We bailed out these banks and what they said when the taxpayer was bailing them out was that they wouldn't go to town on people who had borrowed.

The same people are still at the top. The directors are still getting the same wages. I know they have to make money and get their books in order but they need to start with their own houses and get them in order first. Some of these directors are still getting serious wages and expenses, They need to look internally first, rather than hit hard pressed home owners with another interest rate hike. There are 600 repossession orders waiting to be brought through the courts- how many extra will there be with now interest rates are going up again. Somebody has to say stop.

Cllr Ray Butler,

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