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MSE News: End the 'rip off' charges says Miliband

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This is the discussion thread for the following MSE News Story:

"The Labour leader says the Government should intervene on exorbitant charges for savings, holidays, banking and parking ..."
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  • VT82VT82 Forumite
    1.1K posts
    Is it REALLY fairer in America? I was trying to book tickets for something, and there was no end of added fees, at least one of which every time was unavoidable but not shown in the headline price. And then of course they add the tax on at the end...
  • pqrdefpqrdef Forumite
    4.6K posts
    Ed should challenge Cameron to agree that these predatory attitudes are a symptom of the "broken society". Because the Tories think it begins and ends with gangs, yobs and benefit claimants.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • dunstonhdunstonh Forumite
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    "The Labour leader says the Government should intervene on exorbitant charges for savings, holidays, banking and parking ..."

    Didnt seem to worry them when they were in power and many of these fees came about under a Labour administration.

    Typical ranting to take the popular position whilst in opposition to encourage votes. You only have to look at what happened to the LibDems to see how that can go wrong (i.e. go campaign with every popular position but realise when you are in power that you cant do that)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • How about banning loan brokers charging for doing nothing? Capping Payday loan charges? Looking into rip off bus & train fares? etc....
  • JuicyJesusJuicyJesus Forumite
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    I am a Labour member and a leftie par excellence, and sad to say that while Miliband has a good head on his shoulders he's !!!!!!!' useless as Labour leader.

    Seriously, a populist move this may be but given everything are bank charges really the best thing he can think of to make a definite plan on?
    urs sinserly,
    ~~joosy jeezus~~
  • dunstonhdunstonh Forumite
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    Seriously, a populist move this may be but given everything are bank charges really the best thing he can think of to make a definite plan on?

    When you are in the news with Unions slagging you off, your own party doubting you and the public not thinking much of you then what better way to try and gain brownie points than to try and make out you would be some sort of consumer champion. I put it down to trying to divert attention away from bigger issues.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • JuicyJesusJuicyJesus Forumite
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    dunstonh wrote: »
    When you are in the news with Unions slagging you off, your own party doubting you and the public not thinking much of you then what better way to try and gain brownie points than to try and make out you would be some sort of consumer champion. I put it down to trying to divert attention away from bigger issues.

    Exactly. It's just cheap. Especially because the unions slag him off, his party doubts him and the public doesn't think much of him for mostly the same reasons.

    He's a smart guy, but a political moron.
    urs sinserly,
    ~~joosy jeezus~~
  • He is right about rip-off britain - something needs to be done - because there are too many companies taking advantage of their dominant position - but i would prefer our labour leader to focus big ticket items like the economy, our manufactering etc
  • gavrcgavrc Forumite
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    Sorry, but that's what happens in a free and open capitalist market. Profit will always come before customer service/social responsibility/honesty (read: niceness). If you start restricting what profits companies can make they will just concentrate their efforts in countries where they can make as much as they like. The alternative has been show not to work in the good old USSR :-)

    gav
  • I_luv_catsI_luv_cats Forumite
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    These add-on charges just make the initial price look good. Who do they think they are kidding!!!

    Imagine the Supermarket saying £0.15p for the beans, £0.05p for the sauce, £0.05p for the tin, £0.01p for the label, £0.05p for the warehouse and £0.05p for serving you NO they charge you 36p (taking into account all costs i.e. payment)
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