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Liz Truss damages and Compensation

Geoff_Dunlin
Posts: 2 Newbie

I wonder if anyone has persued this thought....
Firstly, I will say that I am not impacted directly via increased mortgage rates, as a result of the mistakes openly admitted by Liz Truss / Kwasi Kwarteng / Jeremy Hunt, so this is a theoretical question for me, but not for others. But I was lucky.
If, say, a council made some changes, and as a result of their mistakes, I suffered a direct negative financial impact, I'm pretty sure I would be able to take legal action for compensation.
Given the immediate and individual financial hit taken by some people wrt mortgage repayments as a result of the mistakes that Liz Truss admits she made, and that she / the chancellor are now reversing, where does the law stand on individuals suing her individually for damages?
ie sue her / Kwasi Kwarteng personally rather than the government, as she has said this was their specific project, and hence they are accountable directly for that.
I am, impacted by the fall in my pension, but I suspect that's a little more complex in nature to prove direct culpability.
Geoff
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I dont think you can just sue the government because you were negatively impacted.
We would all be suing them, NHS has gone rubbish, the police are more or less non existent - I actually seen one the other day! Savings rates have been through the floor for the last decade.
For every "winner" with government policy there will also be a "loser".I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Parts of the mini budget are being reversed.
Mortgage rates will still climb.
As they are in the USA
As they are in Europe.
They had no mini budget.
How on earth will you prove that mortgage rates rising are from a messed up budget.
Move on.0 -
Imagine the legal firepower at their disposal. I think someone attempting such a feat would probably spend many lifetimes' earnings losing.
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In any case the mini budget might have been the trigger but it wasn't the cause. Its measures were eminently sensibly. I can't imagine many businesses owners are rejoicing right now at the prospect of a 6% corporation tax hike. And I'd personally have enjoyed a 1% income tax cut which now isn't happening.
Just the NI reversal to go....1 -
Geoff_Dunlin said:If, say, a council made some changes, and as a result of their mistakes, I suffered a direct negative financial impact, I'm pretty sure I would be able to take legal action for compensation.0
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Firstly, I will say that I am not impacted directly via increased mortgage rates, as a result of the mistakes openly admitted by Liz Truss / Kwasi Kwarteng / Jeremy Hunt, so this is a theoretical question for me, but not for others. But I was lucky.It is worth noting that what we are seeing has been coming for a long time and much of it is outside the control of the UK Government. The Government just speeded it up.I am, impacted by the fall in my pension, but I suspect that's a little more complex in nature to prove direct culpability.The bulk of which would have occurred before Liz Truss was in power (and effectively out again). And if you are paying in monthly to that pension, you are actually benefitting at the moment.
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.0 -
Government legal advice is paid for by tax revenue, if you sued the PM, Chancellor etc., the legal costs would all ultimately be paid by you and your fellow taxpayers.
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EnterUserName said:Imagine the legal firepower at their disposal.
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