What do you want Martin to ask Mark Hoban, Treasury Minister?

10_66

Red_sky wrote: »

Can the govt. introduce some legislation which makes banks transfer all money transactions via the Faster Payments System the same day without any limit being imposed on the transfer? The idea of it taking 3 'working days' to transfer money so that your money disappears for 3 days or 5 days over a weekend is ridiculous especially for large amounts.

I echo Red Sky's post. As the Faster Payments system was introduced in 2008, it's too much to ask us to believe that the system's still in its "teething process". It's high time that the Faster Payments system is fully operational NOW.

jalexa

I would like the minister to be asked if he thinks that the £500 case fee (win or lose) is a big enough hit to big companies.

I would suggest a scheme where an exemplary fine based on % of turnover would be levied in any case where the financial organsiation lost the adjudication.

Or if that is too complicated a much larger case fee based on % of turnover.

I doubt the £500 fixed case fee worries the banks enough.

3guesses

Please ask why it is that the Government is complicit with the Bank of England in sacrificing the country's longer-term economic prospects through the destruction of the value of the pound sterling (otherwise known as inflation) purely in order to avoid at all costs the much needed drop in property prices.

You might also like to ask why it is that the Bank of England's Monetary Policy Commitee is charged with keeping CPI inflation at 2% when the Governor of the Bank of England, Mervyn King, has repatedly [fasely, IMO] stated (for 12+ months?) that the MPC cannot do anything about the factors causing CPI to be way above that level (ie an open admission that it cannot carry out its assigned task).

Furthermore, please ask why it is acceptable that the MPC were happy to include the huge imported disinflation (which so helped to keep CPI around the 2% target in the early part of this century) but are now so insistent that now this has turned into imported INFLATION its effects on CPI must be ignored.

Finally, please ask why house PRICES (not housing costs, or some such rubbish) are not included in any inflation calculation, and how you can possibly expect to control them by so omitting them.



Inflation is the greatest financial threat to any economy, and especially to the areas of savings and pensions. The fact that the rampant property price inflation of the last ~20 years was not included in the official figures does not mean it didn't happen nor caused enormous economic damage...

(You might also like to point out that dealing with the consequences of one financial bubble bursting by setting interest rates at zero and thereby fostering a bubble in another asset class - as we are currently witnessing in commodities - really is just folly in the extreme and no solution at all.)

Deepfatfriar

Under the terms of the Cotonou Agreement , an EU Aid programme the UK will be forced to donate around £3.8 to £ 4 BILLION next year.

What will be the exact amount ?

How much of this will borrowed ?

How can we afford this ?

MoneySaverLog

Why are we not looking after our own house first, before giving away a wedge of cash to help other countries who are in the same boat as us financially.

You start tackling the debt problems this country faces, only to give more away to other countries which would not give us a second thought had the boot been on the other foot and it was the UK facing bankruptcy. On that subject how far aware is the UK from Bankruptcy anyway?

James

Plastic Card Fraud, in particular Card Holder Not Present (CNP) Fraud is rocketing. Reportedly 'Hokey' websites are already taking advantage of the forthcoming Olympics, selling everything from non-existent tickets to non-existent accommodation.

Nobody seems to know who operates these ‘Hokey’ sites, or who the account holder is where the money ends up. This, in its self is a primary failing by Banks not knowing their customer

The majority of these sites have one thing in common; they display MasterCard, Visa, Amex etc logos’

My question for the Minister would be:

If every single card transaction can be authorised, then why can't every single website which displays one of these logos be authenticated in near real time?

Surely it should be up to Visa and MastCard to at least Police these sites AND have a means of verification before a transaction takes place.

jalexa

I would like Mark Hoban to be asked if he understands what a Continuous Payment Authority is.

Then, specifically, is it "fair" that neither the bank not the customer has a list of currently active CPAs.

And is it "fair" that there is not a straightforward and "guaranteed" means of the account holder cancelling the CPA.

jalexa

To ask Mark Hoban what plans he has to reduce (or eliminate) "financial exclusion".

And specifically is he aware that Halifax rejects Basic Bank Account applicants with an IVA, yet that is not stated in "government promoted" FSA/Money Made Clear/Money Advice Service Basic Bank Account eligibility tables.

Deepfatfriar

Deepfatfriar wrote: »

Under the terms of the Cotonou Agreement , an EU Aid programme the UK will be forced to donate around £3.8 to £ 4 BILLION next year.

What will be the exact amount ?

How much of this will borrowed ?

How can we afford this ?

The sums I quote are to give to Europe to give to Africa, not to bail out Europe.

Overall we have so far given away well over £20 Billion in this way.

I still ask the same question :- How can we afford this and how much will we have to borrow?

ExBT_Bob

As a BTPS Section B member (deferred), I remember being given the option to move to Section C when the BT Pensions Review changes took place. Wish I had taken it!