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

3guesses

Red_sky wrote: »

If you want the Queen and all her hangers-on, you pay for them, I don't.

Don't the Royal Family cost something negligible, like 17p per person per year? Compare that to the massive benefits to the economy that they attract and it's a no-brainer that they are a fantastic financial investment 8-)

3guesses

Hythlodaeus wrote: »

Why not let the market actually set house prices? Unblock supply by releasing masses more land for innovative developments like the Cotswold Water Park or Center Parcs-style woodland chalets. Restrict ownership to housing associations/owner occupiers to stop speculators. Result? Cheaper housing for all - including under 30s - and more disposable income.:beer:

Alternatively, just stop manipulating interest rates (read: the MPC at the Bank of England) in order to support the massively over-inflated housing market and thereby allow property prices to revert to realistic levels. Inflation causes massive problems: the massive property price inflation of the last decade (which conveniently and rather negligently isn't recognised in any inflation measure) is the main reason why we are currently teetering on the edge of a financial cataclysm...

Lum

Say a youngster buys a £550 car and £1000 "comprehensive" insurance policy, paid monthly. 6 months into the policy the car is written off.

Some insurers then immediately cancel the policy, deduct the £500 remaining premium from the £500 and pay out £50. This is not comprehensive cover.

Insurers should be forced to keep the policy open and allow the policyholder to transfer it to a new car just like they would if they had sold or scrapped the old car.

whitewing

Banks with internet banking should have a 'decrease overdraft limit' online.

Don't know about other banks, but Lloyds allows you to set up an overdraft, or cancel an overdraft if your account is in credit. It does not appear to allow a user to decrease their overdraft limit. For example, I would like to decrease my limit online (where I do virtually all of my banking) from £1000 to £600 today but can't.

SideArm

Allow working parents to accrue Childcare Vouchers up until a child turns 18 - i.e. no longer a child. These vouchers should then be allowed to be spent on university charges in addition to Loans.

Lindy_D

Car rental companies are ripping off customers by charging for a full tank of fuel on pick-up at surcharged rates. Customers must return 'empty' - obviously impossible as no-one with eg; a flight to catch will risk running out. Full to full is the only fair deal!

Primrose

Force the banks to simplify Money Laundering regulations by setting up a central database so that once an individual has registered their Identity and Address documentation, this is subsequently valid for for all future openings of new bank/savings accounts (only needing to be updated for a subsequent change of address or name change on marriage or divorce).

MothballsWallet

Create a single, state-owned, organisation & get rid of the three separate ones.

Lum

MothballsWallet wrote: »

Create a single, state-owned, organisation & get rid of the three separate ones.

Three separate what?

Banks?

Devolved countries?

DaveSuffolk

My home insurer says they "reserve the right to automatically renew my policy" and charge it to my credit card if I don't tell them not to. In my view this is inertia selling, and they should not be able to charge my card without my express agreement. Oh, and the number to phone to cancel is 0844.