Article today in all the major news bulletins relating to a statement from Price Waterhouse stating that most CC companys are likely to reinstate annual fees due to losses brought about from the OFT ruling and general debts

PWC spokesperson was very good, did mention the fact that the £12 was purely the level at which OFT would intervene (e.g: it was NOT the recommended level)

Also stated interesticon hikes were likely as another way to balance the books

Though did acknowledge it would be a brave CC Co. that was first to re introduce annual fees due to the competitive nature of the industry.

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