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Ask the Chancellor a question on the banking crisis
Former_MSE_Wendy
Posts: 929 Forumite
What's this all about?
The Treasury Committee is asking members of the public to send in questions they would like to see put to the Chancellor, the Governor of the Bank of England and the Chairman of the Financial Services Authority at an urgent inquiry into the banking crisis.
How to submit a question
E-mail questions under 100 words to [EMAIL="bankingcrisis@parliament.uk"]bankingcrisis@parliament.uk[/EMAIL] if you wish to remain anonymous, please state clearly at the beginning of your email.
These can be submitted up to 48 hours before the hearing, which will take place on Mon 3 November 2008 - so get all questions in before 4pm on Sat 1 Nov.
The Chairman of the Committee has said:
"This inquiry will take a fundamental look at the causes of the present banking crisis, the current responsibilities of the banks and the Government to the taxpayer, and the future shape of the financial and regulatory landscape.
"Taxpayers are naturally very concerned about the scale of this investment. The Committee hopes that by providing people with the chance to have us put their questions to those in charge, we can provide a constructive way of engaging the public on a matter of such deep concern to the whole country."
Will my question definitely get answered?
The Committee has said that not all questions submitted can be guaranteed to be asked at the inquiry, so there is a chance your question will not be put to the panel.
Please don't stop let this stop you asking a question though, there is a chance yours could be used.
Over to you and feel free to discuss this below
Wendy
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The Treasury Committee is asking members of the public to send in questions they would like to see put to the Chancellor, the Governor of the Bank of England and the Chairman of the Financial Services Authority at an urgent inquiry into the banking crisis.
How to submit a question
E-mail questions under 100 words to [EMAIL="bankingcrisis@parliament.uk"]bankingcrisis@parliament.uk[/EMAIL] if you wish to remain anonymous, please state clearly at the beginning of your email.
These can be submitted up to 48 hours before the hearing, which will take place on Mon 3 November 2008 - so get all questions in before 4pm on Sat 1 Nov.
The Chairman of the Committee has said:
"This inquiry will take a fundamental look at the causes of the present banking crisis, the current responsibilities of the banks and the Government to the taxpayer, and the future shape of the financial and regulatory landscape.
"Taxpayers are naturally very concerned about the scale of this investment. The Committee hopes that by providing people with the chance to have us put their questions to those in charge, we can provide a constructive way of engaging the public on a matter of such deep concern to the whole country."
Will my question definitely get answered?
The Committee has said that not all questions submitted can be guaranteed to be asked at the inquiry, so there is a chance your question will not be put to the panel.
Please don't stop let this stop you asking a question though, there is a chance yours could be used.
Over to you and feel free to discuss this below
Wendy
[threadbanner]box[/threadbanner]
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Comments
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I would like to know why those who invested in Icelandic banks now have ALL their savings guaranteed while the rest of us still only have £50,000 guaranteed. Where is the fairness in that?0
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djohn2002uk wrote: »I would like to know why those who invested in Icelandic banks now have ALL their savings guaranteed while the rest of us still only have £50,000 guaranteed. Where is the fairness in that?
I am not in an authoratative position to answer this question - - but perhaps you need to look at the total picture?
I appreciate to a purist it should be same rules for everybody - - - and it so far has been. All Northern Rock and all B&B and all Kaupthing savers got all their money 'back', so why shouldn't the Ivesavers? All these folk got caught by totally unprecedented and previously inconceivable developments.
On the other hand, it's now clear that unimaginable things can happen in the banlking world. A blanket 100% perpetual assurance (like the Irish and Greek Governments have given their savers) probably takes away people's personal responsibility for managing their own affairs. The UK rule for the future is clear - guarantee is 50K, and there are still enough banks for everyone to spread their money accordingly.
Anyway, as per Martin's post, you should be asking your question by E-mail under 100 words to [EMAIL="bankingcrisis@parliament.uk"]bankingcrisis@parliament.uk [/EMAIL]- - and I hope that if you ask, you will ask why all Icesavers and all Northern Rockers and all Kaupthingers and all B&Bers got all their money back, rather than just picking on the latest victims, the Icesavers.0 -
Unprecedented, perhaps. Inconceivable, hardly; economists had been warning about the consequences for at least three years, and some for longer.All these folk got caught by totally unprecedented and previously inconceivable developments.A candle loses nothing by lighting another candle. (Anon.)0 -
Can someone explain to me in simple terms where all these billions have gone and who lost it?0
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Why are the banks in so much trouble when as far as I can tell (reading other blogs on the subject) the banks have been allowed to keep all of the 1 billion pounds in unfair charges.........where has this money gone as well ??????????????????
Apologies if I've misunderstood the blogs on the recent charges claim but as I've been waiting 18 months to claim mine back I just wanted a rant!!:mad:0 -
I'd like to know exactly who owns the bank of england. We're told it's the taxpayer but if so why are the profits from its trading activities not returned to the treasury, and also given the current crisis, why can't it lend money to the government interest free when it's creating that money out of thin air?0
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I want to know why people won't take personal responsibility, instead of blaming evilbanks?
Surely if you are on minimum wage then a new car every 3 years, and buying shiny kitchen toys whilst paying a 125% 50 year interest only mortgage is unsustainable !0 -
The UK governement rescues large banks.
Is is fair that they continue acting irresponsably with large bonuses pocketed from taxpayers?
http://www.mirror.co.uk/news/top-stories/2008/10/22/collapsed-lehman-brothers-and-bailed-out-lloyds-tsb-to-pay-out-huge-city-bonuses-115875-20827133/
My solution would be to introduce a special crisis tax of 99,99% of any bonus given in the country. The governement could recover meony to help people and banks would probably stop pretending to do whatever they want on the back of ordinary people!0 -
I'm very with nomoneytoday.
I want to know why this government is still encouraging people to borrow heavily, and often way beyond their means. By dropping the interest rates, coercing banks to lend more again, will just set it all up for another huge fall in the future. Totally irresponsible. But I doubt they'll be in power next time to pick up the pieces.
Encourage and reward people for saving money to buy things outright, rather than trying to live constantly in debt. Get rid of the greed and borrowing mentality.
Mind you look how much national debt the government has, if only they could lead by example.0 -
Have emailed the following question...
Rather than tinkering with the limits (I think £50k per person per financial institution is more than enough) what savers need is some sort of guidelines as to how long it will take for FSCS to pay out if a bank collapses, along with a guarantee that accrued interest will be paid and that holders of ISAs and fixed rate bonds will not be penalised.0
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