And recall, no one has made any money here (well, except those who have defaulted on their loans) and no one has even charged any profit.

FORBES: Why Payday Loans Are So Expensive

No one makes money on every stock they buy, so it is inevitable you will have some losers.

FORBES

The report also found there was "no evidence of clear thinking" on how a decision to save money in one budget area might have a knock-on effect on costs elsewhere.

BBC: portrait of PAC chair Margaret Hodge