Why no reply on bank charges reclaiming Mr. Cameron?
Why no reply on bank charges reclaiming Mr. Cameron?Three weeks ago, I wrote an open letter to David Cameron here. The Tories had publically said bank charges were unfair, so I asked them if bank charges should be repaid without people needing to ask (read the open letter).
Yet Lib Dem leader pledges legislation for AUTOMATIC payback
We sent it to his office & parliament, but haven't heard a dicky bird. Yet the leader of the Lib Dems, Nick Clegg MP spotted it...
"Dear Martin, as a subscriber to your weekly email, I saw your recent comments on unfair banking charges. I couldn't agree more with you about the scandalous nature of these charges.
The Liberal Democrats have taken a strong stance on this for a long time - in particular, in our manifesto for complete reform of Britain's banking and financial institutions 'A New Deal for the City', launched in May 2008 where we stated:
'The treatment of charges by the banks borders on the scandalous. It is a continuation of the practice described above: a protected industry seeking to maximise profits by exploiting the weakness of individual consumers who lack information and sophisticated knowledge of products or legal advice. The principle should be established that bank charges must be transparent and cost based.'
In your email, you made a further suggestion that banks should have to pay back all unfair charges automatically if the courts do rule against them. This struck me as an extremely good idea that we should do all we can to put in place. Vince Cable, my shadow Chancellor, and I would be delighted to support your campaign.
We will put a motion before Parliament setting out our support for your idea as soon as the recess is over, which will hopefully put pressure on the government and the banks to act to return the money they so unfairly took from customers.
All the best,
Nick Clegg"
Seems we have Nick clegg on our side. Is it time then to let him know our feelings felt on this issue ?
PF
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