Let Darling know what you think
With less than one week until the pre-Budget report 2008 (due on Monday 24 November) taxpayers are being urged to let chancellor Alistair Darling know what they think about the banking bailout.
Consumer watchdog Which? is urging consumers to email Darling before next Monday to voice any concerns they have about the way the government has handled the near-collapse of the financial system in the UK. With taxpayers now each owning a £1,200 stake in the banking sector, this is an opportunity to get your voice heard and offload any worries you have about the safety of your savings, pension or mortgage.
Which? says the government’s £37 billion banking bailout in October has cost every UK taxpayer £1,200, and calls on the government to give reassurance that this financial crisis will not happen again.
It is calling for a Darling to launch an independent review of the banking sector in his pre-Budget report on Monday 24 November.
Which? also wants to see the banking reform, with consumers put at the heart of the new system. As part of this, base rare cuts could be passed on to borrowers immediately and in full and bonuses paid to staff would be linked to long-term performance.
You can email Darling by clicking on this link, which will take you to the Which? website. You can either use the template email provider or edit it to add your own views.
You can also share you views with other Moneywise users below.