Improve Money Rules In 50 Words. Suggest easy changes for our politicians

antonia1

Any service for which you can sign up online you must be able to cancel online. You should not have to listen to the hard-sell of the cancellation line people in order to remove yourself from (for instance) an online DVD rental service.

Kepen

Packaging today is ridiculous and getting harder to open anything. Could packaging be restricted to that necessary for the product to survive the trip home thus saving on recycling,waste disposal and my nerves.

adyche

I think we need a large simple safe government backed individual pension system (like NSI) rather than a lot of individual systems where a large amount of the 'interest' goes in management and admin fees. We are encouraged to save for a pension but its too complicated.

woglew

suebrough wrote: »

Please make it illegal for lenders to charge high interest rates, they're upto 2000%, and more. My son just borrowed £100 from provident and has to pay back £140, there's no reduction for paying back early. But the penalties are high, I believe, for missing payments. These sort of loans are the only ones available to those on low income, benefit and bad credit history. I pray something is done soon to ease the burden on the less fortunate.

I think fortune has nothing to do with this. A lot of people on low incomes, benefits or with a bad credit history are simply poor at managing their finances (e.g. they miss payments). Simply put, lenders charge higher interest rates to these people because they are much higher risk. The alternative is to have a flat rate APR, but this would penalise the people who are good with their money (because the flat rate would almost certainly be higher than is available at present).

woglew

shropshire_lass wrote: »

Who says ITV and the other independant channels are free? WE pay for them but the costs are hidden so you don't know you are paying!
For each and every TV advertised item you buy in the shops, part of the price you pay goes to pay for this advertising. A survey done many years ago worked out that it cost about £250 per person per year for independant channels. A family of four paying (hidden) costs of £1,000 per year! I wonder what the costs are now?

I agree. Make the BBC a subscription service - one that can be bolted on to your specific Sky/Virgin/whoever package. Let's be honest, if they scrapped the licence fee and did this, most of us would probably still subscribe anyway. So they'd still get their money, alebit through optional rather than compulsary means.

gropinginthedark

Business not allowed to have separate sales and support phone numbers. That way if they are swamped with support calls or put them all on hold for ages or charge for the call then their sales will be similarly affected. If they use a call routing system then fines if response to support calls is slower than response to sales calls.

gropinginthedark

When I worked for HSBC we got an annual Total benefits statement which itemised the value of benefits like health care, pension contributions. The same would show the true cost of public sector - especially with a value put on job security - they rarely get fired for what in private sector would be gross violations.

dotviolet

Gift vouchers should not have an expiry date, or it should be much longer/renewable. Someone has paid for the gift/service and a voucher is a note of currency. How can it be justifiable to refuse to supply the gift/experience/service after an arbitrary period, when it has been paid for? It's a complete scam!

woglew

dinaluisa wrote: »

In order to help clear our country's debt each adult living in the UK could pay £20 as a one off charge. The debt could be halved within one year

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Our national debt is over 1 trillion pounds (£1,000,000,000,000). Even if we forced EVERYONE in the UK (~65,000,000 people) to pay £20 as a one-off charge, it would still only raise 1.3 billion pounds (£1,300,000,000), which is about 770-times too little (so we'd have to make the £20 payment once a year for 770 years). Even just focussing on trying to close the budget deficit (~£160 billion per year) would take about 123 years to achieve using this method.

gropinginthedark

Pointless spending thousands on a degree that no is longer the fast-track to higher salary, we don't need 50% of population as graduates, more like 25%. That way maybe we'd not need to charge higher fees and Govt. contribution would be recovered as they enter the 40% tax band. 50% was just a nuLabour way of fudging unemployment figures.