The government has rubbished accusations by the Conservatives that it is compiling a Big Brother-style electronic database covering every home in the country.The database will accompany the government’s forthcoming national identity card and children’s databases and can hold an unlimited number of photographs. Almost 500,000 has already been spent on digital cameras to photographically log details of homes. The Tories have discovered that as of July 3 this year the state has a record of type, age, number of rooms and bedrooms for 99% of all households in England. They are now warning that the database will be used not only for the forthcoming Council Tax revaluation but also to levy Inheritance Tax and Capital Gains Tax, and will be used by Revenue & Customs. They also accuse Labour of extending the database to capture value- significant features such as patios, conservatories, large gardens, parking and garage space and even scenic views. The Office of the Surveillance Commissioner has advised the government that the database is not in breach of human rights. Eric Pickles, shadow minister for local government, says: “It is clear that faceless Whitehall bureaucrats are rolling out a sinister property photo database. Family homes face a state invasion. Not satisfied with logging the details of every man, woman and child in a Big Brother computer, the government now wants to inspect, photograph and store where they live.” But a spokesman for the Department of Local Community and Government says the accusations are nonsense and scaremongering. He adds: “Council Tax was introduced by the previous government and we are updating the information we hold about properties from being paper-based to computer-based.”
Members of the Professional Mortgage Packagers Alliance have seen rise a in business from the GMAC-RFC Partners range.
The Institute of Financial Services has been renamed ifs School of Finance. The name has been chosen to reflect the ifs as it develops its financial education provision for industry and for consumers.
Guaranteed and Genesis Home Loans are to appoint four new members of staff including a Head of Packaging key management position.Levels of business handled by GHLs packaging arm have increased since the launch of the groups web-based online Decision In Principle service, which saw two new members of staff join its placements team earlier in […]
Peter Izard is senior manager corporate accounts at GMAC-RFCF For lenders, keeping clients is much more cost-effective than attracting new ones. So will this move kill off the remortgage market – the broker’s bread and butter? No. Let us first consider why clients remortgage in the first place. Of course, some remortgage for a reduced […]
Interest rates are low. Bond yields, in some economies, are at negative levels. Simon Edelsten, manager of the Artemis Global Select fund, analyses which assets investors should now consider. Click here to view full article
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