Interesting news from Peter Black this morning that the FSA will be introducing an extra charge on Credit Unions (totalling around £8.5m) to help cover the cost of bailing out the banks. Yes, it seems that people who kept their money out of the banks – indeed, some of them likely turned to their local Credit Union for help when the banks wouldn’t help them – are now going to join those being penalised for someone else’s mistake.

I’m trying to find details on the number of people in Britain who are members of a Credit Union (I can’t find one on the Association of British Credit Unions site), but this press release says around 600,000 which suggests that every member is being charged about £10 by the FSA.

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