Jump to content
House Price Crash Forum
Sign in to follow this  
phil7

Government Compensation For Benefit Discrimination?

Recommended Posts

Given the vast amounts of funding that went into the support of the economy since the beginning of the debt crisis, is there a case to argue that the government has unfairly discriminated parts of the population, namely those who did not partake in the secured debt madness?

I am thinking of all those who have been hit by artificially low interest rates on savings, or those who were forced into renting to await a much needed cooling of house prices while their landlords benefited from low mortgage rates and sustained house prices.

The low interest rates have clearly supported the housing market and benefited home owners, at the expense of both tenants and savers.

So is there perhaps a case to argue that there should be a financial compensation made to tenants and savers?

And could the government possibly enforce this compensation from financial institutions who caused this mayhem in the first place?

Would be interested to hear your thoughts?

Share this post


Link to post
Share on other sites

Given the vast amounts of funding that went into the support of the economy since the beginning of the debt crisis, is there a case to argue that the government has unfairly discriminated parts of the population, namely those who did not partake in the secured debt madness?

I am thinking of all those who have been hit by artificially low interest rates on savings, or those who were forced into renting to await a much needed cooling of house prices while their landlords benefited from low mortgage rates and sustained house prices.

The low interest rates have clearly supported the housing market and benefited home owners, at the expense of both tenants and savers.

So is there perhaps a case to argue that there should be a financial compensation made to tenants and savers?

And could the government possibly enforce this compensation from financial institutions who caused this mayhem in the first place?

Would be interested to hear your thoughts?

Human Rights Act 1998 article 3

Article 3: Freedom from torture or inhuman or degrading treatment

3.21 You have the absolute right not to be tortured or subjected to treatment or punishment that is inhuman or degrading

What is degrading treatment or punishment?

3.25 Degrading treatment or punishment is also less severe than torture. It may be degrading if it is illtreatment

which is also grossly humiliating. Whether or not treatment is “degrading” depends on whether a reasonable person of the same age, sex and health as you would have felt degraded.

http://www.justice.gov.uk/guidance/docs/act-studyguide.pdf

I would say theoretically good chances for compensation if someone suffered a depression because of loss of interest income.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.