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ArnoldLayne wrote: What do you think of the proposed idea by the illustious Gordon Brown to clean out bank accounts that have been lying dormant for 3 years or more.The raid could result in a £15bn windfall for the government



Sounds like bloody theft to me !!!How bloody dare they?

Damn right its theft, do they assume that people have popped their clogs if money stays untouched?

Or maybe people salting money aside from dodgy dealing?

It sounds like theft because it IS theft. What a total crock! I had an account that I opened for my son just after he was born, which I left alone for a few years. When I decided to start putting his birthday money in it, it had been "dormant" for about 4 years. If I had found it closed, I would have pitched a HUGE fit right there in the bank. My son now controls the account himself, and has more money in it than I have!

How can this Brown guy even attempt this? It's sneaky theivery no matter how you put it.

It's absolutely unbelievable. Nobody...and I mean NOBODY, better touch my money without my permission.

It's things like this that caused me to bank out of my wallet for 12 years. They can't take your money if it's not in the bank. One time I had about $200 in the bank when I was younger. One day I went to get some money out and they told me that I didn't have any. When I asked why they said that "fees had been added to my account from the bank." When I asked what fees, they said something stupid like "I used the ATM too much."

I never put my money in the bank again for 12 years after that.

Jives wrote: It's absolutely unbelievable. Nobody...and I mean NOBODY, better touch my money without my permission.



It's things like this that caused me to bank out of my wallet for 12 years. They can't take your money if it's not in the bank. One time I had about $200 in the bank when I was younger. One day I went to get some money out and they told me that I didn't have any. When I asked why they said that "fees had been added to my account from the bank." When I asked what fees, they said something stupid like "I used the ATM too much."



I never put my money in the bank again for 12 years after that.Better keeping it under the mattress like the Grandparents used to do

capt_buzzard wrote: Better keeping it under the mattress like the Grandparents used to doUnfortunately capt, this is what people will start doing, especially elderly people which will just make them even more vulnerable.

Ruddy diabolicle!

ArnoldLayne wrote: Well this is real my friends.The treasury is negotiating with the banks to come up with a reasonable dormancy period.



And get this! They are thinking of leaving 10% in the account just in case someone belatedly realised the cash was theirs.



Unbelievable ! :mad:So when they realise it's theirs and query it,

does Gordy's mob intend to hand the stash back to the rightful owners?

Oh, ok, that's alright, then.....NOT!!!! So, if someone comes back and realizes all but 10% of their money is gone, what then? Do they get it back from the theiving bastards or not?

This is theft, pure and simple and I hope the people are outraged. A "reasonable dormancy period"???? WTF is that? No one should be able to tell them when or how often they can touch their own damn money!! This is an utter crock. :-5

What about contacting their customers first?

ArnoldLayne wrote: I doubt it Abbey.

I can't for the life of me seeing this one get through Parliament. Surely !


You never know! When I was working in the States the Halifax Building Society changed from a B/S to a bank. They then closed down all accounts with less than a fiver (I think it was) in them. They said it cost "too much" to keep these accounts open! I had moved abroad and taken most of my money with me, but I left a few pounds in there just to keep the account open, because its actually quite difficult to open up a new account, especially if you're self-employed. So my account had no money going in or out for ages, how could doing nothing cost them too much? Nevertheless, they swiped my few pounds off me! And I was just one customer. I'm sure they must have raked it in after that little company decision! Thieves is just too kind a word for them! :-5

Outrageous, totally outrageous.....and what about that £1 my (late) nan put in the post office for me back in 1956 and we`ve not been able to find the book???!

john8pies wrote: Outrageous, totally outrageous.....and what about that £1 my (late) nan put in the post office for me back in 1956 and we`ve not been able to find the book???!Phwoar..it should be worth at least £1 10s 6d by now!

Much to everyone's detriment, it is the Bankers, through their control of Gov'ts, that keep steamrolling the public.They use the Gov't as a smokescreen to take the blame for their actions. These mongrels keep kicking us at every chance, after slowly and deceptively putting us down with their increasing levels of usury.

The privately run Central Bankers are toying with us more and more every day. THE PEOPLE MUST TAKE BACK THE MONEY PRINTING & ISSUANCE from these sinister devils! The Gov'ts can be changed, but the root of the problem would still exist. :-5

Haven't seen this one, can you post a link please.

On a side note what do you think happens to orphan assets-unclaimed investment etc.

If you die leaving an estate-no dependants who do you think gets it-the crown, not the government the crown.

Incidentally GB-first thing he did was take 5billion a year out of private pension funds by altering the tax regime-taxation by the back door.

see, this is why labour/tony blaire/gordon brown shouldnt have been allowed to continue in power!!

everyone who voted labour has voted gordon brown to being our PM...... the man who wants to rob us of our hard earned cash..... flippin ridiculous, i have savings accounts which i havent touched for years....



surely they cant plan to target things like bonds and ISA's......

ArnoldLayne wrote: What do you think of the proposed idea by the illustious Gordon Brown to clean out bank accounts that have been lying dormant for 3 years or more.The raid could result in a £15bn windfall for the government

Sounds like bloody theft to me !!!


Where did you get this from?

All I could find is this:

Balances which have been dormant for twenty-four years amount to £Â£8 million. of which £Â£2,800,00 represents the property of untraceable persons. As the rights of owners have to be safeguarded and they should be protected from loss due to inadvertence or ignorance, the majority of the Committee are of the opinion that a balance should not be deemed to be dormant until the expiration of thirty years.

When balances become dormant, bankers should inform the Public Trustee, who should endeavour to trace the owner and should keep a register open to inspection. Two years thereafter, unclaimed balances should be transferred to the Public Trustee until claimed. The law should enact expressly that owners' rights to money deposited with the bank should not be subject to the Statute of Limitation.

And this:

The money sits with the company concerned. It cannot pocket the funds at any stage but it may earn interest on your money, which gives it little incentive to track you down. In his last Budget, Chancellor Gordon Brown warned banks and building societies that if they failed to reunite accounts and owners, they would have to hand over the unclaimed billions to charity. Other politicians have been eyeing unclaimed assets. In October 2004, the Conservative Party raised the idea of using this money to compensate the 60,000 people who have lost out following the collapse of their final-salary pension schemes.

229 years ago my country fought for and won independence from Britain.

One of the paramount reasons why America wanted out from the clutches of King George was the ever-increasing tax burden he was trying to impose upon us.

(Boston Tea Party etc.)

It seems that they are still at it!

Pink Princess makes a valid point. This tax-crazy British Labor Party has just been re-elected for a further term.

Britain is already a heavily taxed nation - certainly by our standards -.

It is interesting to speculate as to whether or not the general public will eventually rebel against not only this new proposal but against high taxes generally.

The British government is very successful in hiding from people the true extent of the total tax take there and there are hidden taxes everywhere you look.

A good place to start might be for retailers to print their till receipts showing the cost of the item without tax, the tax paid and then the total amount due as is done here.

At present the tax you pay in Britain is completely hidden.

Philadelphia Eagle wrote:

The British government is very successful in hiding from people the true extent of the total tax take there and there are hidden taxes everywhere you look.

A good place to start might be for retailers to print their till receipts showing the cost of the item without tax, the tax paid and then the total amount due as is done here.

At present the tax you pay in Britain is completely hidden.You are right in saying it does'nt show up on most bills or invoices, but standard VAT is 17.5%, its no secret.

posted by Philadelphia Eagle

It is interesting to speculate as to whether or not the general public will eventually rebel against not only this new proposal but against high taxes generally.

The British government is very successful in hiding from people the true extent of the total tax take there and there are hidden taxes everywhere you look.

A good place to start might be for retailers to print their till receipts showing the cost of the item without tax, the tax paid and then the total amount due as is done here.

At present the tax you pay in Britain is completely hidden.


Apart from VAT and fuel duty (petrol) there is duty on alcohol and cigarettes there are a few indirect taxes on investments, private pension funds (now there are-they used to be tax free thanks to GB) and bank account interest that are a bit obscure ,

local council taxes are levied by local councils and you get a bill each year, you know exactly what you pay.

Income tax is paye-pay as you earn-for an employee, each month your salary slip shows exactly how much tax and National insurance you pay., self employed pay annually-again you know exactly what you pay-don't know where you get the idea tax is hidden. People aren't daft they know exacrtly how much tax they pay.

In 1997 polls showed people were prepared to pay more i.e. income tax so long as it went on the NHS and education. Indirect taxation is perceived as being unfair whereas income tax where you pay nore if you earn more is fairer. people are pissed off because the NHS

It's unfairness that gets people going. When Maggie T brought in the poll tax there were riots on the streets as people didn't think it fair a family on low income pay the same as a family earning two or three times as much.

It was introduced in Scotland first as a trial which is why the Tories were almost completely wiped out in Scotland and the vote for devolution was so strong-at the time the of the devolution vote Maggie came up to lend her support to the anti-devolution campaign the Scottish papers had her on the front page with the headline "If you've forgotten why you should vote yes here she is". Local councils have never recovered from it as people just stopped paying wholesale and the lost revenue has not been recovered.

I think there is a fundamentally different attitude in the UK-we pay tax we expect the governemnt to provide certain things like "free" education and healthcare. It's worth paying a bit more tax not to become destitite because of medical bills. Most people in this country would not tolerate someone getting better treatment simply because they have more money-it's unfair. I gather from some of the posts that is amajor worry for americans, (Actually when I see posts like that I wonder why Americans accept it). Here we may complain about the NHS but very few disagree with the principle and it's a sentiment that government ignores at it's peril.

It's that kind of issue and the Iraq war that cost Labour so many votes at the last election plus TB being a lying smarmy devious git.

If you have difficulty sleeping

http://www.qck.com/tax-advice.0.html?se ... rcekey=tax

Avctually i've had slight dealing with your IRS you're welcome to them-our equivalent are cuddly in comparison

The true villain is the one behind the scenes. The privately owned, unanswerable to the people, monster called the Central Banks

Vote Tory or Labour -it matters not

Republican or Democrat - it matters not

They all answer to the money printers

Federal Elections - This is when the Bank of England and the Federal Reserve play a game of Heads I Win, Tails You Lose.