PenaltyCharges News

Penalty Charges has today asked Mr Nick Clegg for a direct answer.


For the last 2 years The Liberal Democrats have said they think bank charges are unfair and promised to take action, they guaranteed a fairer Britain but little has yet been done in the fight against unfair bank charges.

The BBC’s Panorama programme yesterday revealed the average interest rate was now 32%, while base rates remain at record lows.

Vince Cable said this was further evidence of the need to inject more competition into the banking system. He said: “When we talk about restructuring the banks what’s going to come out of this is a more competitive system where customers are not ripped off.”

He went on to say, “forcing banks to change their practices would be a key test of the coalition government."

Stephen of Penaltycharges website responded to Vince Cable comments he said “ The Liberal’s have been saying the same thing over and over again. It’s getting to the point when you have to ask? Is the record stuck or on repeat”.

Stephen has asked the liberal’s to confirm what action has been taken to date. He also asked them to set out a schedule, which will confirm when consumers can expect to see true reform on bank charges, NO response has yet been received!!