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Taxpayers must demand returns from Darling, says Which?

Which? is urging taxpayers to email Chancellor Alistair Darling demanding returns from contributions towards the banking bailout, amid calls for an independent review of reforms.

It calculates that the bailout represents a contribution of £1,200 from each UK taxpayer and is calling on the Government to take radical steps to rebuild the banking system so that it is more consumer-focussed.

Research from Which? shows that 51 per cent of people think that failings by either the Government or by regulators are at least partly to blame for the financial crisis.

Which? chief executive, Peter Vicary-Smith, says: “We need radical reforms to deliver a strong, stable banking system that protects the long-term interests of consumers, rather than the short-term interests of the banks.

“We must identify what went wrong in the past to ensure that we don’t repeat those mistakes in the future. The best way to achieve this is through an independent review.”


Steep drop in inflation

Inflation dropped to 4.5 per cent in October, down from 5.2 per cent in September, according to the Office of National Statistics.

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


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