BBC One, 2006-7, 29.35

Author: Paul Lucas, July 14, 2011

The conventional wisdom spurring the Government's action is that exit fees hinder competition in the home loan market by preventing borrowers from switching to providers with better loan products. Therefore, if these fees are removed more borrowers will be inclined to shop around, spurring competition that will lead to better deals for consumers. It also makes political sense; a government that legislates against loan fees is sticking up for the little people, right?

It is unclear exactly when Prodromous contract with Red Bull expires.

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