Companies taking people's budget gains
By Value hunter on Jun 23, 2010 | In Money chat, Bad business, Frugal wars, What is the point?
Companies are pre-empting the budget and taking the tax breaks that the government are giving us all.
The government needs to step in sort this mess out, any help that people get from the powers that be, is given to them in lower taxation but more than taken away by businesses with no interest whatsoever in their customers, who instead, are lining their own pockets.
Yesterday, the new government's budget gave our household an extra £245.
The week before, Direct line insurance more than DOUBLED my insurance payments each month.
The result leaves me being given £245 by the government and Direct line taking away an extra £360 each year - making my family WORSE OFF by £115
The injustice here, is plain to see:
- I am being charged because there have been more claims due to a snowy winter - in no other business is an individual allowed to be charged for another's actions, so why are insurance companies allowed to get away with it?
- I am refused an explanation for the more than doubling of the costs to me - a token, "We have had a lot of claims over the winter" is the best they can offer
- They are advertising "52 days free car insurance" - why then is the cost to a new customer still more than £20 more than an existing customer?
- The government have lowered our taxes, to benefit the people - not lowered them so each and everyone of us could pay a higher price for our insurance!
Factor in, that water companies are selling off reservoirs and not building new ones whilst the number of new homes being built is growing and I would expect their prices to rise as well.
It may sound old fashioned, but it is time the powers that be got a grip on companies like these and started protecting the public.
If they don't, then without feeling any benefits, the people lose and in time the government will be voted out of office!
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