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Total Twaddle  |  Idle Chat.  |  Twaddle's Soap Box  |  Topic: Labour Government to rob the dead 0 Members and 1 Guest are viewing this topic. « previous next »
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Taf
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« on: July 26, 2007, 09:32:34 AM »
Unclaimed money from abandoned bank accounts will fund government plans for a "youth centre in every town".

Banks and building societies hold an estimated £15bn in unclaimed accounts and assets - such as funds that have not been claimed after the death of an account holder.

http://news.bbc.co.uk/1/hi/education/6915252.stm
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Lisa
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« Reply #1 on: July 26, 2007, 09:40:51 AM »
better than the banks getting the money
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« Reply #2 on: July 26, 2007, 09:44:52 AM »
that'll give the youths something else to vandalize then
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« Reply #3 on: July 26, 2007, 10:17:58 AM »
Quote from: Lisa on July 26, 2007, 09:40:51 AM
better than the banks getting the money

  I agree.  Bet that's upset the rapacious, greedy, barstewards.
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Anna
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« Reply #4 on: July 26, 2007, 14:20:46 PM »
They say that any account untouched for 15 years will be used .... what if some old people somewhere put money into a savings account 15 years ago ready for retirement and haven't touched it since?
Will they get it back?
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« Reply #5 on: July 26, 2007, 14:30:27 PM »
Quote from: Anna on July 26, 2007, 14:20:46 PM
They say that any account untouched for 15 years will be used .... what if some old people somewhere put money into a savings account 15 years ago ready for retirement and haven't touched it since?
Will they get it back?

  Surely they'd need a certificate of death to touch the account in the first place?
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Pam
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« Reply #6 on: July 26, 2007, 14:33:26 PM »
Alway's said they are robbing sod's.
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« Reply #7 on: July 26, 2007, 14:34:57 PM »
The funding - £184m of new money - will be supplemented with money taken from so-called "dormant" bank accounts, which have not been used for 15 years or more.
Banks and building societies hold an estimated £15bn in unclaimed accounts and assets - such as funds that have not been claimed after the death of an account holder.

You don't 'have' to be dead by the sounds of it  Undecided
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« Reply #8 on: July 26, 2007, 14:39:40 PM »
Quote from: Anna on July 26, 2007, 14:34:57 PM
You don't 'have' to be dead by the sounds of it  Undecided

  That's outrageous!  I know people who've invested a lump sum in a bank account and are leaving it to mature for twenty years or so.  Hmm, shall I tell them?
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Taf
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« Reply #9 on: July 26, 2007, 14:40:34 PM »
Some of the cash is bound to be leftovers from fraud or money-laundering...
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« Reply #10 on: July 26, 2007, 14:41:58 PM »
Quote from: Taf on July 26, 2007, 14:40:34 PM
Some of the cash is bound to be leftovers from fraud or money-laundering...

  Yeah, but it's tough luck if you've just put a lump aside for a rainy day.
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Taf
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« Reply #11 on: July 26, 2007, 14:43:43 PM »
I know some Czechs who "hide" money away in multiple accounts.... not that HMG doesn't know the accounts exist anyway....
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« Reply #12 on: July 26, 2007, 14:45:22 PM »
Quote from: Taf on July 26, 2007, 14:43:43 PM
I know some Czechs who "hide" money away in multiple accounts....

  I can believe it.  I know of a few economic immigrants who are finding out just how expensive it is to live here.
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« Reply #13 on: July 27, 2007, 09:31:49 AM »
That's outrageous!  Lips Sealed

I've got a bit put by in an ISA for a rainy day, so by the sound of it, if I leave it to build up & it's seen as 'dormant' it could be emptied to go towards whatever worthy cause the government choose?Huh?

Disgusting.
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