Stealing Your BallsMoney

Via Croydonian we find the story of how Ed Balls and his Master Gordon(Joe to my enemies) Brown will not only be Burning our Money, but also Stealing our Money.

Now I'm sure that amongst these accounts untouched for 15 years there will be some genuinely "dead" accounts, and much better than going to the banks, the money is used sensibly, but think on the following.

If at the birth of your son/daughter you drop a quick £1000 in an account for the wee sprog and Grannies and Grandad then chuck in a few bob to help it along (Those Tuition Fees are so expensive nowadays).
Now at 21 the slightly larger sprog discovers that forgotten account book hiding in the back of the drawers that he's been using for furniture in his first flat and thinks, oh wow, money to pay off that large overdraft from going through University, what happens?

He pops along to the local bank, hands over his account book and says give me the money. Then the sad tale unfolds. Unfortunately your nice Mr Balls has snaffled it to pay for that nice Olympic Games back in 2012, (Interest on £30 billion is a lot you know).

According to that nice Mr Balls it will all be simple to "reclaim" the money, but if you've ever tried to get money out of a bank or the government you'll know that the words simple do not apply. Mix the two together and in two shakes you'll have written your will and passed the account onto your kids.


Ed Balls publishes consultation document on unclaimed asset scheme