Martin Lewis has slammed banks for 'profiteering' after the Bank of England (BOE) raised interest rates last week.
The Money Saving Expert joined Mishal Husain on Monday's Today programme (June 26). They discussed what the hike meant for those with mortgages, while Martin suggested the bank could've instead increased savings rates to encourage consumers to save more and spend less.
Martin said: "The fact that the banks, who remember we bailed out in 2007 when they were in trouble, the banks are now profiteering by increasing their margins when we - the state, the taxpayer - is in trouble - [it] seems a bit beyond the pale to me.
