Tax Payer and Bank Charges

setmefree

earlgrey wrote: »

Weren't you the obsessive character who was so delighted that HBOS had problems? Well now they're expected to be taken over by LloydsTSB just as foreign-owned Santander has taken over other smaller British banks.

Do you seriously expect bigger banks and less competition to result in better deals for consumers? Perhaps you should have a rethink.

http://news.bbc.co.uk/1/hi/business/7759054.stm

It's a case of who you know

opinions4u

setmefree wrote: »

http://news.bbc.co.uk/1/hi/business/7759054.stm

It's a case of who you know

The headline should read:

"Bank in offer to comply with court order if one is made".

Possibly the most un-newsworthy item of all time?

rb10

Just because some banks will be partly owned by the Government doesn't mean that taxpayers have the right not to be charged.

HMRC is owned by the Government, but you will still be fined if you don't get your tax return in on time. It is the same principle, as you are breaking the rules. Many other Government-owned organisations or Government departments will impose penalties if you breach an agreed set of rules. So to follow the same logic, as these are funded by the taxpayer, should they all be refunded as well?

dougk_2

I would say 90% of the charges should stand as they are for people who cannot manage their finances and were not prepeared to take the consequences of such.

Whilst bank charges maybe "excessive" the fact is people should not get them if they can manage their finances correctly.

setmefree

rb10 wrote: »

Just because some banks will be partly owned by the Government doesn't mean that taxpayers have the right not to be charged.

HMRC is owned by the Government, but you will still be fined if you don't get your tax return in on time. It is the same principle, as you are breaking the rules. Many other Government-owned organisations or Government departments will impose penalties if you breach an agreed set of rules. So to follow the same logic, as these are funded by the taxpayer, should they all be refunded as well?

LMFAO how many other Government owned practices are in a test case at the high court DOH.:rotfl::rotfl::rotfl:

Paul_Herring

dougk wrote: »

I would say 90% of the charges should stand as they are for people who cannot manage their finances and were not prepeared to take the consequences of such.

<whine>but why should people who can't manage their accounts subsidise those who can</whine>

Devil's advocate you understand...