Just call it a tax
• AIB, a state-owned bank, is raising its variable mortgage interest rate by 0.5pc. This announcement must be seen alongside Permanent TSB's extortionate rate, also a state-owned bank.
This Government has decided to increase the pressure on AIB mortgage payers, rather than ease the pain on the long-suffering PTSB customers. The Government has decided to close the gap in a vain attempt to disguise the extortion of PTSB.
Shame on the Government -- pressurising AIB customers, ignoring PTSB customers, and lining the pockets of both banks which were bailed out by their customers.