Anorak

Anorak | Would You Credit It?

Would You Credit It?

by | 17th, October 2003

‘IF there is a sucker born every minute and about 670,000 babies are born every year in the UK, then that means that four out of every five of us are suckers.

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That sounds about right – but there is one thing about us suckers and that is we don’t like to be told that’s what we are.

Everyone knew Ratners jewellery was crap but it was only when Gerald Ratner publicly admitted as much that we stopped buying it.

Everyone knows that credit cards are a rip-off, but no-one expected the head of Barclays Bank to admit as much.

However, that’s what Matthew Barrett did yesterday in front of the Commons Treasury Select Committee.

“I don’t borrow on credit cards because it’s too expensive,” he said, adding that he had also urged his grown-up children not to run up such debts.

Not that Mr Barrett has much need for credit after earning £1.7m in salary and bonuses last year.

But his

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Posted: 17th, October 2003 | In: Tabloids Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink