Pages

Tuesday, July 20, 2010

Cameron Raids Dormant U.K. Accounts as Minister Attacks Banks


U.K. Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects, while Business Secretary Vince Cable said lenders “ripped off” customers.

Cameron said he will press ahead with a proposal set out in the coalition government’s program to establish a “Big Society Bank” to finance moves by charitable groups and not-for-profit companies to take over jobs currently done by the government.'

Read more...
Posted by DotConnector at 09:57

1 comment:

  1. Antonia - Beauty Health Finance and Green Issues Editor20 July 2010 at 13:37

    "Lenders ripped off customers".

    I certainly agree with that comment.

    In the meantime the Government gave free (taxpayer's) money to lenders and helped to rip off customers some more, while they rewarded themselves with bonuses.

    I think Cameron's idea is ridiculous actually. Why should charitable organisations do the work, for free, that Government officials are now being overpaid to do?

    Sounds ridiculous to my ears.

    Forget about a "Big society bank", we need ALTERNATIVES to greedy banks.

    ReplyDelete

Thanks for your comment it is much appreciated.

Subscribe to: Post Comments (Atom)