I just cannot get my head round where all this money comes from in the first place. You surely cannot lend out money which does not exist?

All the new money which has to be spent on housing, roads, more hospitals etc - you name it - must belong to someone in the first place? If not, and it is being created out of cyberspace, then why cannot the system go on forever? In which case, why should there ever be a need to pay it back.

Please help yourself to an economics degree the next time you visit the toilet.

Temp - yes, I'm with you - I don't like/fully understand what is happening, therefore I am (ab)using the crazy system to get out of the south where its effects are most apparent (on quality of life and on people's attitudes/selfishness).

I remember the great stoozing days of old. (Incidentally, that verb does not exist in the full Oxford English Dictionary - I've just checked the online version!)

However, I've not seen a no-fee balance transfer card for decades. Are you able to name names?

Good luck in your move.

Tim

Tim - thanks. Nationwide and MBNA are both offering this - but it may only be to people who have other accounts with them already.

Nationwide in particular do incredible offers for long-term customers (as well as the 5% interest on up to £2,500 current accounts, and great-rate regular savings accounts - although I think they've recently dropped the rates for new customers, as have most other banks). They don't seem to publicise these perks (and the longer you are a customer the better the rates they give you), until you are a customer, though.

If you don't have any NW accounts, I'd suggest you get one/some... I have a referral code whereby we both get lots of lovely free money, if you'd like it... (or anyone else...).

Ah - will look them up. We do have Nationwide accounts already! Thanks
Tim