The
Bank of England is to consider a bold approach of treating the High
Street banks in the same manner as they treat their customers, by
instigating charges on the money a bank holds with the central bank.
“I
went into my bank the other day to try to work out what to do with my
savings that had mysteriously dropped to paying, basically, fuck all
percent interest,” said deputy governor Paul Billingsworth. “I
decided to move some money about, then the rob-dogs started going on
about charging to write cheques. I thought, 'right, lets do the
fuckers right over'.”
The
statement was part of the evidence that Mr Billingsworth gave to the
Treasury Committee regarding consideration for instigating negative
interest rates.
“Basically
we will charge them for holding their money with us, see how they
like that,” he said. “When they want to hold less, well I might
just charge them for making the withdrawal. Seems only fair.”
The
banking industry reacted angrily to the news and said the action
would have severe repercussions on the British economy.
“Negative
interest rates will affect key areas of society, namely bank profits
and those profits are needed to pay the bonuses that ensure Britain
has the finest banking talent retiring at the age of 45,” said a
spokesman. “Anyway it's not the Bank of England's money, it's
ours, you can't charge us to get at our own money. Oh, I see what
you are doing there.”
In
other news High Street banks said that savings accounts will now pay
zero or less interest and a royalty fee will be levied on anyone
using the phrase bank, banker or synonyms such as “thieving,
incompetent git”