A frugal life is an easy life!

The supreme court's ruling today, that the Office of Fair Trading (OFT) cannot investigate on overdraft fees charged to customers, if they are unfair or not, is yet another smack in the teeth for the people of the UK.

The immediate question it raises, is here we have a government body set up to judge on fairness (Fair trading bit of their name is a clue!) yet they are not allowed to rule on what is fair or is not.
You couldn't make this up... not allowed to judge what is fair, so what is the point of having the Office of Fair Trading?
The "final" decision, says the supreme court, but instructs the OFT that it can continue its case in other ways?

Another question is how can the House of Lords and the Court of appeal, both rule in favour of the OFT deciding if overdraft charges are fair or not, yet this new "supreme court" then suddenly decides against them and that is the end of the case?
Is this why the supreme court was set up?

All the self promoting commentators, such as Martin Lewis, who portray to all who will listen that they are "fighting for the people" - whilst at the same time making money off the back of these same people and promoting their own website that will help them to save money (by making money themselves) - now have egg on their faces!
I have heard Martin on various news bulletins, often quoting details of the action inaccurately (Today he says banks made £1.6 Billion from these charges - the figure is almost £2.7 Billion) - even Which are trying to get in on the act on the BBC.

One person who comes out of all this with great credit (no pun intended) is Stephen Hone and his forums over at penaltycharges.co.uk (Opens in a new window).

I have always found his forums accurate, completely free and on the whole, a more relaxed and helpful place, with no money making schemes behind it. (No I am no affiliated to it!)
I watched the news with interest when the ruling came out, Martin Lewis and Which - who had earlier been all over the news - were nowhere to be seen!
Stephen Hone on the otherhand, was giving interviews in a relaxed manner giving straight basic advice and not attempting to dramatise the any part of the story at all.