Government to give millions from dormant bank accounts to homelessness schemes – WHOSE accounts?
A homeless person sleeping rough in a doorway, as homeless people in Britain now outnumber the population of Newcastle, a leading housing charity has said [Image: PA].
That doesn’t mean I don’t want it.
I wonder how the Conservative Government will gauge whether the owners of accounts cannot be traced.
Will they ask the DWP to supply its letter-delivering services to the financial institutions tasked with tracing us? If so, it seems likely the letters will not arrive until weeks after the contents of our accounts have been seized.
And will any high-value bank accounts be among those seized? Or will their owners – or their next-of-kin – be on Conservative Party members’ speed-dials?
This just seems like a cash grab from the poor – disguised as a good deed. I would like to support it but the Tories cannot be trusted to do anything other than betray the British people.
Hundreds of millions of pounds will be seized from dormant bank accounts and used to tackle homelessness and help disadvantaged young people, a Government minister has said.
Up to £330m will be made available from bank and building society accounts across the country that have remained untouched for at least 15 years and where the holder cannot be traced by a financial institution.
Tracey Crouch, the minister for sport and civil society, said that housing initiatives aimed at homeless and vulnerable people, social enterprises and local charities will receive around £135m across England over the course of the next four years.
In the latest allocation, a further £90m will be used to help disadvantaged young people into jobs, and £55m is to go on “financial inclusion initiatives” such as tackling problem debt.
Up to £50m will also be distributed by the devolved administrations in Scotland, Wales and Northern Ireland.
Source: Government to give millions from dormant bank accounts to homelessness schemes | The Independent
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If any person can prove that the account that has been plundered comes forward with the right information, the bank Has to pay the person the account funds, in effect that will lead to banks losing money which they won’t like one bit! Also the money will not go to the homeless the government will keep it by coming up with some excuse, they are famous for doing exactly that!!!
Basically it’s just legalised theft.
eye into their pockets
You can bet your bottom dollar that the money won’t come from any of their accounts. Tories are serial liars, thieves and fraudsters.
Accessing money for private schemes and salaries to provide projects to the homeless, don’t touch your own money
As I have said in other places and in other blogs. This is not business or nation financial building – but Money Acquisition from what sources, pools and funds they can get. public money, money for poor, disabled, sick and children and elderly, funds from peoples personal bank accounts and funds. what next? church poor box?
Classic Tories steal money from bank accounts, rather than trace the people the money belongs to.
In truth, the government creates all the money in circulation and doesn’t even have to raise tax in order spend it on public expenditure, what they rely on though is peoples ignorance as to how money actually enters the economy.
This short video tells you all you need to know:
https://www.youtube.com/watch?v=MB0bkytOdNQ&feature=youtu.be
.
Be better to collect due tax from corporate evaders, scrap Trident, blue passports and the proposed new royal yacht than raid dormant bank accs.
they are quite welcome to the only bank account i had thats not been used in over 30years. a joint one my ex and i had but he wouldnt be bothered about it any more than i am if he was still alive……. it was a business account. but we owed £60 the last i saw of it. so they can take that if they want it(assuming he never paid it.i certainly didnt..lol.)