Great “Improve Money Rules In 50 Words” Hunt. What easy changes for our politicians

jellyhead

Workhouses sound a bit extreme! I suppose it would free up social housing for workers who are struggling to pay private rents or get a mortgage.

brekky

Airlines should be made to display prices more easily.
ONE table of options with prices that you select/deselect as you require to show a running total of your costs.
And all airlines adopt the same clarity to ensure easy comparison.

Pont

Scrap Mickey Mouse degrees and reinstate student grants for 'proper' ones. Let our most gifted and talented young people benefit from free university education as the majority of MPs did. We will need said people to get us out of this almighty mess in the near future!

mingo_mango

When booking a holiday children should be classed as children up to the age of 18 when they legally become adults. At these all inclusive resorts they have to pay the same price as an adult but are not allowed the same facilites ie, drinking alcohol access to some bars, the gym area. If they are not allowed the same priveliges as adults why should they pay the same price ( i am not suggesting that they be allowed to drink alcohol obviously)

on_a_money_mission

These are ones from my personal experience:

Set a maximum interest rate on loans and finance as they do in countries like Holland, to stop finance companies/banks charging 30%+ interest and exploiting the poor.

Abolish short term tenancy agreements on property rentals, so landlords can't hike up the rent every six months, also provide more tenant rights and, more importantly, enforce them.

I won't hold my breath on either of these though. Thanks for trying!

earthmother

lxpeanut wrote: »

Banks obliged to freeze interest and charges on debts where the customer has arrainged a debt management plan through debt counsellors.

Creditors obliged to freeze interest/charges during DMPs, whether arranged via a DMC or by debtor themselves, until DMP payments reach the equivalent of the minimum payment of the original agreement. Interest may then be reviewed only if the debtor or other creditors are not penalised in doing so.

earthmother

ailuro2 wrote: »

Credit unions would be allowed to visit schools and allow kids to set up savings accounts, we need to teach the upcoming generation that saving up for something is feasible, that it doesn't have to be buy now, pay later on an inflated sale price.

I recall this happening when I was at school - at primary (late 70s/early 80s) we actually took our money into the school office each week/month and it was paid into accounts for us (the days of handwritten passbooks) - our school dealt with the then Trustee Savings Bank (Lloyds TSB), although I don't know who initiated it.

At secondary school 10 years later it was the Midland Bank who visited us - an afternoon of banking basics (how to write a cheque etc) and the opportunity to open an account if we wanted - I believe those who did also got a trip to the bank to do so.

Fair enough, in both instances the banks were looking for our business, so I much prefer the idea of a credit union doing it, but it gave us contact from an early age with the idea of saving etc, and could most definitely be expanded upon and made part of the curriculum.

George1

The publication of MPs' expenses (expected this summer) should be further delayed until next April. This will allow the tabloids 1 month to produce their detailed "Special Supplements" just in time for the general election.

MakeitgoRIGHT

There should be ONE set of tax rules for all, so the overhead is shared correctly; MPs and civil servants working for UK-Ltd should be taxed like Joe Bloggs, working for a Private-Ltd, with expenses that comply to the granite rule of “wholly and exclusively for the business purpose.”

frjack_2

Either take pensioners out of tax, altogether - including council tax - and give them free tv licences, broadband, phone and half price energy OR increase the pension, so it is set at the equivalent of 40 hours at minimum wage. The present state pension is utterly pathetic!

I'm 44, BTW.