500,000 pensioners pay the price for the indebted.

treliac

Bogof_Babe wrote: »

That's shocking :eek: . How come it was never queried? You'd think the Insurance Ombudsman would have caught up with that dodgy practice.

On the subject of insurance, I heard the other day that apparently one sector of business that is doing really well despite the recession is motor insurance. Now anyone with half a brain can work out that as this is compulsory not optional to anyone who wants/needs to drive a car, they have us over a barrel re. prices don't they? I bet there is an element of price fixing in the trade, to ensure no-one gets a fair deal.

(Can't think of the word I want - what did they call the consortium of oil producers in Dallas?).

A Cartel.

Old_Slaphead

Bogof_Babe wrote: »

That's shocking :eek: . How come it was never queried? You'd think the Insurance Ombudsman would have caught up with that dodgy practice.

Common practice - I worked in the drinks industry in 80's - a duty reduction in budget was seen as an opportunity to increase margins.

Have all retailers/suppliers reduced prices re. recent changes in VAT rate - I think not.

Bogof_Babe

Lol, I worked in the drinks industry too, for 29 years, and I don't remember any duty reductions. There were many years when it was left alone, but usually it went up by some amount that had to be rounded to a full penny. I have a feeling the rounding was generally up .

We did use duty changes to put our annual price increases through too, simply to save printing two lots of new price lists, so I bet some of the trade assumed we were jumping on the bandwagon.

Anyway, apols for digression . Where were we?

mewbie_2

Bogof_Babe wrote: »

Anyway, apols for digression . Where were we?

Attacking someone I expect. Surprisingly not chav scroungers or immigrants but this time pensioners. Not sure where the line is drawn on here in picking on people who are perceived to have something that others don't.

stevsand

ad9898 wrote: »

I saw Yvette Cooper on Newsnight last night, she gave short shrift to savers/pensioners, then started blathering on about mortgage customers and how they are saving £200 a month. I'm not having a go at mortgage holders in general, just those who are looking out of their front window today at their BMW X5 that was bought by mewing, holding a letter from the bank saying they are in arrears, while the pensioner next door can barely afford to eat, something's gone badly wrong.

http://www.thisismoney.co.uk/news/article.html?in_article_id=480169&in_page_id=2&ct=5

Where are these starving pensioners,they are not in the UK:rolleyes:

Bogof_Babe

I don't think anyone is attacking pensioners or anyone else in this thread.

It's more a collective weeping into our beer session.

RecoveringAlcoholic

I kept the drinks industry solvent.

:beer:

Bogof_Babe

RecoveringAlcoholic wrote: »

I kept the drinks industry solvent.

:beer:

You can definitely have a thanks from me for that!

Congrats on your username though. I packed it up 16 months ago and don't even fancy one now. (I am talking about booze, lest there should be any smutty innuendos inferred).

jay3_2

Bogof_Babe wrote: »

You can definitely have a thanks from me for that!

Congrats on your username though. I packed it up 16 months ago and don't even fancy one now. (I am talking about booze, lest there should be any smutty innuendos inferred).

May I just say "oo-er missus" then, before anyone else does?

chucky

mewbie wrote: »

Attacking someone I expect. Surprisingly not chav scroungers or immigrants but this time pensioners. Not sure where the line is drawn on here in picking on people who are perceived to have something that others don't.

you 'plastic' saver