New form of tax?

[Rich-UK]

http://news.bbc.co.uk/1/hi/business/7642494.stm

'The Treasury estimates that the interest on the loan will amount to £450m in 2009. That means the societies will have to find £81m to pay the first year's interest'

So the government take on one BS mortgage book then charge all deposit banks interest on it for the next 30 years? Easy money?

[fido]

You have to admit that it's a clever tax scam by Labour. I mean who would vote against it, why those nasty banks and building societies .. and the Tories haven't got much to gain by reversing this decision. Expect more thieving by Gordon and chums till they are booted out.

Edited by fido on Monday 29th September 23:30