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Just for laughs (like they’ll take any notice of me) I’ve submitted this complaint to the FCA: You have evidently forgotten about Northern Rock. You were sleeping then and you’re sleeping now. Please do not allow the banks to lend irresponsibly. Skipton BS have just announced a 100% mortgage...

And here we go again. Remember the infamous Northern Rock 125% mortgage? The banks do this secure in the knowledge that they will be bailed out by the tax payer.

No - after the last crisis, they introduced these measures to put an end to the boom-bust cycle. As happens every time though, these checks slowly erode as people forget and the irresponsible lending cycle starts all over again. If they'd have kept a lid on the lending, the price of the...

Thing is though - its the only tool in their toolbox. The BoE was made independent by Gordon Brown with the remit to set interest rates to keep inflation at or below 2%. Whether it works or not - its all they have.