Got something to say or just want fewer pesky ads? Join us... 😊

Register Log in

[Politics] Labour Party meltdown incoming.......



Weststander

Weststander

Well-known member
NSC Patron
Aug 25, 2011
70,697
Withdean area
chip said:
The detail I paid attentopn to was "The judgment that it was unlawful for banks to pay a commission to a car dealer without the customer’s informed consent". In other words, some lenders were breaking the law. It's the whole commission thing and what you are paying and to whom, it has happened in other sectors before. Those guilty of breaking the law should be punished, including fines, to put off bad actors like Lloyds and Santander. Maybe the fines could help fill the black hole?

I've never paid interest on one of these car loans, but they seem like usury if you don't pay the balloon payment.
Click to expand...

PCP is fine, effectively people are leasing the car. People have been happy with these deals for 25 years, by the many millions. Necessarily the payments would include profit, everyone would understand that. The numbers are openly set out at the beginning of the contract.

The case is not about PCP. Instead, regardless of the financing product:
In January 2021, the regulator the Financial Conduct Authority (FCA) banned 'discretionary commission arrangements' (DCAs). This stopped lenders allowing brokers (including car dealers) to increase interest rates on car finance, so that they'd be bunged more commission (even though they did no work). It's an unfair practice, as consumers weren't told, and many – thinking it a fixed price – didn't negotiate.
 




beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,157
chip said:
The detail I paid attentopn to was "The judgment that it was unlawful for banks to pay a commission to a car dealer without the customer’s informed consent". In other words, some lenders were breaking the law. It's the whole commission thing and what you are paying and to whom, it has happened in other sectors before. Those guilty of breaking the law should be punished, including fines, to put off bad actors like Lloyds and Santander. Maybe the fines could help fill the black hole?

I've never paid interest on one of these car loans, but they seem like usury if you don't pay the balloon payment.
Click to expand...
the point being thats a technicality, which maybe needs addressing. the Treasury is saying if it harmed the consumer, any compo should only be proportionate to that - maybe limit to the commission amount. it might not be a good idea to say give open ended compo for billions so people effectively get all their loan money back, because suddenly loaning money in the UK looks very risky.
 


DJ NOBO

DJ NOBO

Well-known member
Jul 18, 2004
6,963
Wiltshire
BLOCK F said:
Just posting my view on having listened to him in the past. I generally found him to be a verbose self important prig. Yes, he was adept at putting down those less articulate and intelligent than himself, but in my very humble opinion, he seemed to take more pleasure in that than perhaps was ‘healthy’, which for me rather took away from any reasonable stance he may sometimes have taken.
No, I haven’t listened to him for some time, but I don’t suppose he has much changed his modus operandi. However, I stand to be corrected.
As for me posting bollocks, I will bow to your obviously superior opinion and in future will refer to you as Sir Clapham Gull.😁😏
Click to expand...
Great reply to an unnecessarily hostile post .
 


LamieRobertson

LamieRobertson

Not awoke
Feb 3, 2008
49,113
SHOREHAM BY SEA
BLOCK F said:
Just posting my view on having listened to him in the past. I generally found him to be a verbose self important prig. Yes, he was adept at putting down those less articulate and intelligent than himself, but in my very humble opinion, he seemed to take more pleasure in that than perhaps was ‘healthy’, which for me rather took away from any reasonable stance he may sometimes have taken.
No, I haven’t listened to him for some time, but I don’t suppose he has much changed his modus operandi. However, I stand to be corrected.
As for me posting bollocks, I will bow to your obviously superior opinion and in future will refer to you as Sir Clapham Gull.😁😏
Click to expand...
Quite an accurate view from the stuff I’ve heard him spout
 






Is it PotG?

Is it PotG?

Thrifty non-licker
Feb 20, 2017
26,124
Sussex by the Sea
1000009822.png
 


N

nevergoagain

Well-known member
Jul 28, 2005
1,711
nowhere near Burgess Hill
So, a quick recap of most recent events then, after all it is a wonderful week for burying bad news.
  • Ricky Jones the cut throat councillor remains free on bail until August after his trial was postponed for 8 months!
  • Mike Amesbury, pleads guilty but it's going to take over a month to sentence him
  • UK Borrowing the highest it's been for 4 years but it's OK, Rachel from accounts remains optimistic.
  • Benefits cheats are set to lose their driving licences bizarrely
  • Tulip Siddiq story refuses to go away, more to come on this for sure.
  • Nasty Wes halts 18 hospital builds until 2030
  • 47k less people in work as unemployment rises
  • The prince of darkness U-Turns and hails Donald Trump.
  • Plans to approve extra runway at Heathrow, expanding Gatwick and more flights through Luton. Dear old Rachel confirms it's more important than Net Zero.
 


S

Springal

Well-known member
Feb 12, 2005
25,087
GOSBTS
nevergoagain said:
So, a quick recap of most recent events then, after all it is a wonderful week for burying bad news.
  • Ricky Jones the cut throat councillor remains free on bail until August after his trial was postponed for 8 months!
  • Mike Amesbury, pleads guilty but it's going to take over a month to sentence him
  • UK Borrowing the highest it's been for 4 years but it's OK, Rachel from accounts remains optimistic.
  • Benefits cheats are set to lose their driving licences bizarrely
  • Tulip Siddiq story refuses to go away, more to come on this for sure.
  • Nasty Wes halts 18 hospital builds until 2030
  • 47k less people in work as unemployment rises
  • The prince of darkness U-Turns and hails Donald Trump.
  • Plans to approve extra runway at Heathrow, expanding Gatwick and more flights through Luton. Dear old Rachel confirms it's more important than Net Zero.
Click to expand...
Jesus Christ, bet you called us lot ‘remoaners’ at some point as well
 






























darkwolf666

darkwolf666

Well-known member
Nov 8, 2015
7,844
Sittingbourne, Kent
nevergoagain said:
https://www.bbc.co.uk/news/articles/c3rwvjlln9wo - So Cooper commissions a report on extremism and then disagrees with it's findings. So glad she is more of an expert on these things than those that wrote the report.
Click to expand...
You obviously missed this bit, at the end of the report, leaked by the right-leaning Policy Exchange think tank.

The Policy Exchange themselves say
” The report's recommendations "risk swamping already stretched" security services, while redefining extremism "threatens free speech," the authors said.”

Clearly you were so keen to criticise the government you missed the nuance of the story and what we ALL know, we don’t have the resources to fight on ALL fronts so pick those most likely to cause the country significant harm.

This was again highlighted by Policy Exchange, when they said… "The purpose of counter-extremism and counter-terrorism is to defend the security of the country, its democratic values and institutions against those whose beliefs and acts intentionally threaten them.

"Such threats come overwhelmingly from those with an ideological or political motive, principally Islamism but also far-right and other forms of extremism."

If there is any fault it would lie with whoever set the Terms of Reference for the piece of work at the outset, as clearly, it was too broad…
 
Last edited:


N

nevergoagain

Well-known member
Jul 28, 2005
1,711
nowhere near Burgess Hill
darkwolf666 said:
You obviously missed this bit, at the end of the report, leaked by the right-leaning Policy Exchange think tank.

The Policy Exchange themselves say
” The report's recommendations "risk swamping already stretched" security services, while redefining extremism "threatens free speech," the authors said.”

Clearly you were so keen to criticise the government you missed the nuance of the story and what we ALL know, we don’t have the resources to fight on ALL fronts so pick those most likely to cause the country significant harm.

This was again highlighted by Policy Exchange, when they said… "The purpose of counter-extremism and counter-terrorism is to defend the security of the country, its democratic values and institutions against those whose beliefs and acts intentionally threaten them.

"Such threats come overwhelmingly from those with an ideological or political motive, principally Islamism but also far-right and other forms of extremism."

If there is any fault it would lie with whoever set the Terms of Reference for the piece of work at the outset, as clearly, it was too broad…
Click to expand...
Nope didn't miss anything but thanks for checking. The policy exchange say it "Risks swamping" the security services, not the actual authors of the piece, I don't care whether a think tank is left or right to be honest. If you disagree on findings of a report you commissioned and carried out by your own officials then that suggests you already had a pre-conceived position. If that's the case why commission the report in the first place.

Yes we ALL know services are over stretched but does that mean we should disregard the "other" fronts then ?. I don't think so, it's understandable, but still frustrating, to say that we can't because of resources but that's a very different position to disagreeing with findings.
 


You must log in or register to reply here.
Albion and Premier League latest from Sky Sports

Share this page


Top
Link Here