Banks turned the screw on the property market as the number of mortgages available became more expensive and increasingly harder to get hold of.
The moves make a mockery of the Government's master plan to unfreeze the mortgage market.
Northern Rock, the first bank to be nationalised earlier this year, pointedly ignored last week's emergency interest rate cut by the Bank of England.
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Take the money and then stiff it to the public who gave it to them.
What did you expect!
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