If this is implemented, or many people come to believe it might be, that would at least have the merit of giving banks and governments a much harder time trying to persuade people to accept NIRP or even the abolition of cash. So in that respect this think tank are doing us a good turn by raising the issue.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Scrap Banking Guarantees for Savers
Collapse
X
-
-
Definitely as it makes me think more about where to potentially put my money and what to do with as opposed to keeping it in a bank.In Scooter we trustComment
-
Originally posted by Troll View PostGold - it's the only way to be certainThe Chunt of Chunts.Comment
-
What about your company account? With your tax money in there plus your warchest, it all goes pop with the bank.
Suddenly HMR&C are breathing down your neck for the tax money, next up, lost your home and are living on the streets as a bankrupt.Comment
-
Originally posted by DimPrawn View PostSuddenly HMR&C are breathing down your neck for the tax money, next up, lost your home and are living on the streets as a bankrupt.
No wonder we are in such a mess, I don't even think Corbyn, the bearded crusader, can get us out of it.The Chunt of Chunts.Comment
-
Guarantee is there to prevent sudden mass withdrawal of deposits in event of turmoil - especially important in age of social networks where panic can spread quick.
Most people in UK don't have any cash of that size anyway, and the real scandalous thing is that guarantee is not for FULL deposit, ffs, £75k is not enough to buy a good car these days.Comment
-
Originally posted by AtW View PostMost people in UK don't have any cash of that size anyway,How fortunate for governments that the people they administer don't thinkComment
-
Originally posted by AtW View Postffs, £75k is not enough to buy a good car these days.
The Chunt of Chunts.Comment
-
Originally posted by AtW View PostGuarantee is there to prevent sudden mass withdrawal of deposits in event of turmoil - especially important in age of social networks where panic can spread quick.
Most people in UK don't have any cash of that size anyway, and the real scandalous thing is that guarantee is not for FULL deposit, ffs, £75k is not enough to buy a good car these days.Always forgive your enemies; nothing annoys them so much.Comment
-
Originally posted by vetran View Postspread over multiple banks and you can save ~ £1m.
A better way of doing it is this: pay some bum on a street a fiver a month for him to keep deposit in his name. Perhaps some some mobile based aggregation service for bums to provide such services could be my plan B...Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment