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Cameron Raids Dormant U.K. Accounts as Minister Attacks Banks

Posted By admin On July 19, 2010 @ 2:26 pm In Prison Planet | Comments Disabled

Robert Hutton
Bloomberg
July 19, 2010

U.K. Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects, while Business Secretary Vince Cable said lenders “ripped off” customers.

Cameron said he will press ahead with a proposal set out in the coalition government’s program to establish a “Big Society Bank” to finance moves by charitable groups and not-for-profit companies to take over jobs currently done by the government.

“These unclaimed assets, alongside the private-sector investment that we will leverage, will mean that the Big Society Bank will over time make available hundreds of millions of pounds of new finance to some of the most dynamic social organizations in our country,” Cameron said in a speech in Liverpool, northwest England, today.

Cameron said the idea ties in with his plans for a general overhaul of the public services, as the government tries to narrow a record budget deficit. The new Office for Budget Responsibility forecasts that 490,000 public-sector jobs will be lost by April 2015.

Full article here [1]

Cameron Raids Dormant U.K. Accounts as Minister Attacks Banks 260310banner2 [2]


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URLs in this post:

[1] Full article here: http://www.bloomberg.com/news/2010-07-18/cameron-raids-dormant-u-k-accounts-while-minister-attacks-rip-off-banks.html

[2] Image: http://purewaterfreedom.com/

[3] Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending: http://www.prisonplanet.com/irish-bombshell-government-raids-private-pensions-to-pay-for-spending.html

[4] David Cameron: world on brink of new economic crisis: http://www.prisonplanet.com/david-cameron-world-on-brink-of-new-economic-crisis.html

[5] Banks, Global Elite Confirmed to Hold $32 Trillion in Offshore Accounts: http://www.prisonplanet.com/banks-global-elite-confirmed-to-hold-32-trillion-in-offshore-accounts.html

[6] David Cameron under pressure to block EU demand for £400 per British family: http://www.prisonplanet.com/david-cameron-under-pressure-to-block-eu-demand-for-400-per-british-family.html

[7] Google execs, director Cameron in space venture: http://www.prisonplanet.com/google-execs-director-cameron-in-space-venture.html

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