>Higher interest rates, imposed on lenders by the Bank of England following the mini-budget market turmoil in an effort to lower inflation, have benefitted NatWest.
>Profit has been boosted by those rates. Money earned on loans, minus the amount it pays in interest, increased. The margin rose from 2.3% in 2021 to 2.85% last year.
Oh look, ‘Interest rates to fight Inflation’ = more profit again
How much money was lost by the UK taxpayer on its bailout overall?
Also benefiting from people only wanting to pay by card, making small retailers pay a fee on small transactions.
Woah.
Wait a minute.
Wealth inequality is growing?
Wow!!!! In other news the sky is blue and water is wet!
You’d think they’d be able to open on Saturday mornings if that’s the case, greedy, useless fuckers.
Another failed business that only exists because it was bailed out by the British taxpayer.
Massive companies left right and center announcing record profits – Government sleeps.
Workers left relying on charity for subsistence asking for a rise that just matches inflation – Crack out the batons boys we’ve got some strike busting to do. Show them radical commies who’s boss.
We live in a world where there are many banks and they all individually need to make a profit as large as this and we just accept it.
And yet, the leader of NatWest refuses to show herself for questions from MP’s.
Right on the back of this information too, it just stinks of something being wrong here.
After said revelation, expect brits to do absolutely nothing about it.
I’m starting to think at this point inflation is a made up figure designed to make the rich richer. And all the crap that comes with inflation such as raising interest rates to “control” it. Banks, energy companies, supermarkets all revealing record breaking profits. How can there be such a wide spread, blatant f*cking of the general population and we just carry on?
It also helps them when they’re regularly closing down peoples accounts for no good reason and withholding their money from them for months if not years. They’re destroying peoples lives, their businesses. Even closing down single parents accounts and trying to withhold their benefits. Telling the people they’ve taken money from to borrow from family and go to food banks. Disgusting bank.
Yes. Higher margin % as they raise rates more than base rate raises, and higher absolute margin as their margin % is now earned on a larger amount of interest.
It’ll trickle down any moment guys and we’ll be fine, r-right?
Well, at least British Gas, EDF, and NatWest are all seeing the benefit of everyone else’s hard fucking work.
Not surprising really. As the average person gets poorer they become more reliant on overdrafts and credit. The banks welcome this with open arms and love nothing more than to charge you huge fees for short term borrowing. Borrowing currently being used by many to pay ever increasing direct debits in order to keep the lights on and themselves from freezing to death.
Welcome to late stage capitalism run by neoliberal overlords who love nothing more than to see the poor suffer. After all, emaciated people struggle more with critical thinking and are therefore more likely influenced by propaganda.
Probably all the extra interest from recently deceased people. They close the account upon notification and sweep the money into a medium interest account knowing that no one can legally access that money for at least three weeks.
I think we fund the Brexit benefits, Bank and Energy firms are all living in the Sunlight uplands.
​
That is what we voted for right?
Don’t ever forget that the banking crisis caused by the greed of companies including NatWest, led to a massive bailout of the banks paid for by us over the last 13 years of Tory austerity, and a big reason the UK is a mess. They should be paying us back.
19 comments
>Higher interest rates, imposed on lenders by the Bank of England following the mini-budget market turmoil in an effort to lower inflation, have benefitted NatWest.
>Profit has been boosted by those rates. Money earned on loans, minus the amount it pays in interest, increased. The margin rose from 2.3% in 2021 to 2.85% last year.
Oh look, ‘Interest rates to fight Inflation’ = more profit again
How much money was lost by the UK taxpayer on its bailout overall?
Also benefiting from people only wanting to pay by card, making small retailers pay a fee on small transactions.
Woah.
Wait a minute.
Wealth inequality is growing?
Wow!!!! In other news the sky is blue and water is wet!
You’d think they’d be able to open on Saturday mornings if that’s the case, greedy, useless fuckers.
Another failed business that only exists because it was bailed out by the British taxpayer.
Massive companies left right and center announcing record profits – Government sleeps.
Workers left relying on charity for subsistence asking for a rise that just matches inflation – Crack out the batons boys we’ve got some strike busting to do. Show them radical commies who’s boss.
We live in a world where there are many banks and they all individually need to make a profit as large as this and we just accept it.
And yet, the leader of NatWest refuses to show herself for questions from MP’s.
Right on the back of this information too, it just stinks of something being wrong here.
After said revelation, expect brits to do absolutely nothing about it.
I’m starting to think at this point inflation is a made up figure designed to make the rich richer. And all the crap that comes with inflation such as raising interest rates to “control” it. Banks, energy companies, supermarkets all revealing record breaking profits. How can there be such a wide spread, blatant f*cking of the general population and we just carry on?
It also helps them when they’re regularly closing down peoples accounts for no good reason and withholding their money from them for months if not years. They’re destroying peoples lives, their businesses. Even closing down single parents accounts and trying to withhold their benefits. Telling the people they’ve taken money from to borrow from family and go to food banks. Disgusting bank.
Yes. Higher margin % as they raise rates more than base rate raises, and higher absolute margin as their margin % is now earned on a larger amount of interest.
It’ll trickle down any moment guys and we’ll be fine, r-right?
Well, at least British Gas, EDF, and NatWest are all seeing the benefit of everyone else’s hard fucking work.
Not surprising really. As the average person gets poorer they become more reliant on overdrafts and credit. The banks welcome this with open arms and love nothing more than to charge you huge fees for short term borrowing. Borrowing currently being used by many to pay ever increasing direct debits in order to keep the lights on and themselves from freezing to death.
Welcome to late stage capitalism run by neoliberal overlords who love nothing more than to see the poor suffer. After all, emaciated people struggle more with critical thinking and are therefore more likely influenced by propaganda.
Probably all the extra interest from recently deceased people. They close the account upon notification and sweep the money into a medium interest account knowing that no one can legally access that money for at least three weeks.
I think we fund the Brexit benefits, Bank and Energy firms are all living in the Sunlight uplands.
​
That is what we voted for right?
Don’t ever forget that the banking crisis caused by the greed of companies including NatWest, led to a massive bailout of the banks paid for by us over the last 13 years of Tory austerity, and a big reason the UK is a mess. They should be paying us back.