Raising the £35,000 savings guarantee?

jeanssis

Well, hubby & I signed the petition making it EIGHT now !!!
We'll all be eating :spam: if our money is lost. I'm not keen on :spam:

KeithEssex_2

jeanssis wrote: »

Well, hubby & I signed the petition making it EIGHT now !!!
We'll all be eating :spam: if our money is lost. I'm not keen on :spam:

Thanks !!! Up to 19 now :j

http://petitions.pm.gov.uk/BankProtection/

KeithEssex_2

Thanks Dunstonh for the points above - you definitely know your stuff.

You've made me feel a lot more positive about things after all this doom and gloom lately !!! :j

p.s. Up to 21 now !! http://petitions.pm.gov.uk/BankProtection/

MACDONALDO67

Guys some really interesting points on here especially about the Gordy Brown being a scumbag. :rotfl:

Hypathetical situation.

Elton John's Bank collapses. His £60,000,000 is in there. Are we saying here that he is only entitled to £35,000 cover?

Please enlighten me here? What am I missing? Do these pop, football stars and corrupt politicians and share holders have their monies somewhere else 100% safe us little people do not have access to?

Lavendyr

Elton John probably keeps his money in assets (e.g. property) and investments, rather than just sticking it all in a savings account.

Meltdown_2

They make use of people like dunstonh ... Investment advisers.
And tax lawyers.
Often through private banks (Her Majesty / Coutts).
Not necessarily in Switzerland, Monaco, Cayman, ...
Making use of trusts, and various tax efficient schemes.
With insurance if needed, in case things go wrong.
Or they buy Premier League football teams.

Or even Championship teams, like QPR.