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Well yes. And I don't see anything wrong with that. Why shouldn't a lender make a fair return?
Yes, and the example given is of where a very unfair return was made and vulnerable customers were left in pitiable positions. Where there is a non-state provider, of course there will be a profit element, it's a case of how the risk between provider/customer is balanced/managed to avoid outcomes like in the above.
kl
Well yes. And I don't see anything wrong with that. Why shouldn't a lender make a fair return? Much like a residential mortgage.
Although I do find the idea of a state provider attractive.