Well, Fancy That!

British banks have been accused of taking advantage of customers by making £500 million extra in the past year from the UK despite the worldwide credit crisis.

While banks have suffered billions of pounds of losses in their global businesses, they have been able to claw back money by charging British customers more on financial products, such as credit cards and mortgages.

Credit is in short supply, at least compared to a year or two ago.

Items in short supply tend to go up in price. The profit margins of those that supply such items tend to go up.

Amazing how market economies work, innit?

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