she's talking garbage, her lips moved!
Dumb guvmuppets, all of them
Home Office Identical Minister Meg Hillier has hit on a brilliant wheeze that could solve all her social exclusion problems. Banks need proof of ID when you open an account, right? Banks give people free stuff when they open an account, right? Sooooo... banks could give people free ID cards when they open accounts! This …
"And that last bit could be seen as flagging another critical flaw in Meg's plans to fight social exclusion. It is not, surely, difficulties in proving their identity that stop the socially excluded opening bank accounts and getting credit - might not the fact that they don't have any money have something to do with it?"
I love this paragraph, and were I gifted with a womb, would gladly bear it's children.
This single paragraph neatly lays out the proof of our government's complete lack of mental acuity, regardless of the area to which they apply their unimaginable ignorance.
But when they have 90% of us signed up it will be £100 to re-issue the card every few years or even to change your address (which will be compulsory).
I hate to think what this shithole of a country will be like in 10 years time, makes sad and angry at the same time thinking about it.
You only have to be a foreigner to experience that you be turned down by banks when you try to open an account. And this kind of proposals cannot be serious at all.
The “United Kingdom” needs a credible constitution and a reliable legal framework, the basic foundation for a democratic country. But all this can only be achieved with smart, educated politicians.
I know – farfetched – the bit with the politicians.
Well, you can channel that anger at hating the terrorists who hate freedom. Also, channel it against the dark forces waiting in the shadows...always ready to pounce...always waiting to destroy freedom wherever they find it!
If you hate ID cards...you hate freedom...you don't hate freedom do you? Good.
*dispatches helicopter to retrieve Nathan for re-education*.
Those without ID (passport, utility bills etc) can still apply for a 'Basic' bank account, which usually just provides a debit card and online banking facilities. The Benefits Agency and local authorities also strongly suggest to claimants to open a 'Basic' account. My banks gives leaflets suggesting they will open accounts from people who just provide letters from GP's/Teachers/Social Workers, confirming they know the holder, other things like Benefits Agency letters, NHS registration cards, Electoral registers all support opening such basic bank accounts.
"If the UK got a writen constitution todasy it would be full of the rights of citizens to give up their freedoms in exchange for silly laws being passed to prevent nameless bad people doing nameless bad things in nameless bad place... from being prosecuted"
There. That's sorted. NuLab would put together a croney's constitution - nothing more, nothing less.
My wife used to be a cash/counter manager at a building society that was bought by a bank. A lot of her customers were very unhappy when this happened, but were really stuck when it then came to taking out their money, or closing their accounts.
Recent regulations (from the politicos) said that everyone had to provide certain proof to do things like open acounts, or move large amounts of money (in case it hadn't been taxed enough). Some of the customers didn't have passports or driving licenses, and found that under the new rules that they couldn't have their money.
There were also similar problems for people wanting to open accounts. Nothing could be done if you didn't have a pasport or driving license.
If the gov really wants to push ID cards, then they will just change the rules again, and make it compusory to use a Gov ID card to open accounts or move money.
"Those without ID (passport, utility bills etc) can still apply for a 'Basic' bank account, which usually just provides a debit card and online banking facilities."
Indeed, the banks are required by law to provide this facility, and Meg Hillier is full of shit. The only reason that people have difficulty opening bank accounts is if they have a dodgy credit history - in which case they can still have a basic account because there are no overdraft or credit facilities offered, or they do not wish to have their details forwarded to a credit agency because they are absconding from debt, in which case they are well and truly fucked because all of the banks will pass your details to a credit agency even if they don't do a check.
Besides which, if someone is so 'socially excluded' that they can't rustle up enough ID to open a bank account, they really won't have any actual money (or not 'legitimately'), because if they were in the system _at all_ tax, benefits, etc, etc, all provide a paper trail you can use. So basically what Hillier means when she says "socially excluded" is "dodgy fuckers", and funnily enough, banks don't like to business with dodgy fuckers.
"They make money from deposits and from lending money to people who're likely to be able to pay them back"
Banks lose money on anything that's deposited with them as the people sort of insist on being paided interest, which then puts a dent in the profits. Also they don't lend that deposited money out as such, they leverage it to create many times the deposited amount out of thin air which is then handed out to Joe Public.
Now if Banks could just get rid of that inconvient part of having to have capital they could stop paying out all that interest and then they'd be really profitable, honest guv.
Although I'm as ill-informed as anyone else about this...
Surely a BoE deposit is just one of many investments a bank could choose to make with account holders' money? I would expect it to have a pretty low, but near-enough guaranteed rate of return, so it would be a pretty safe investment. I'm sure they also invest cash in riskier things like the stock market, not to mention all the weird and wonderful creations that come out of the derivatives markets.
Regardless, I think what the BoE does a lot of is simply give other banks cash in return for "stuff" valued using whatever hocus pocus seems to be the least worst way at the time, and charge interest on the loan too. Especially now, when cash is scarce, the BoE seems to be quite keen to loan cash out to anyone who can pass it something of perceived worth in exchange.
Where's the house-of-cards icon?
"I would expect it to have a pretty low, but near-enough guaranteed rate of return".
Yes.... you might expect that. However, part of the reason for the current economic troubles is because the banks invested the money with other banks that had offered "safe investments" on products that were essentially flimsier than toilet paper (and the generic single ply brand at that)
So the government comes up with an ID card that literally NO ONE wants, not the public, nor the airports, nor the banks. And all they can do is run around telling each of those groups that the other 2 groups are waiting for THEM to finally get their ID cards. Operating under the assumption that 2 or more groups of people would never talk to each other and find out what's really going on.
Divide and conquer I think the motto is. Maybe Meg Hitler needs to hitch her wagon to a more divisive issue?
"Hey chavs, do you hate RICH PEOPLE, get ID cards and I promise to kill all the rich people and give their money to you!"
"Hey toffs, do you hate CHAVS, get ID cards and I promise to kill all the chavs and use their bones to make glue!"
Sad thing is, that actually has a better chance of working than what she's doing now. I think God ran out of brains and took a piss in her skull.
Imagine the scene. You are waiting by the phone for the call that tells you that you have reached the peak of your career... You have been promoted to minister!
Then you discover that it's "Minister of going around sounding like a fool". What a crushing anticlimax it must have been.
"then why doesn't she give free ID cards to those in receipt of certain benefits?"
Shut up you fool.
The last thing you want to giving the Minister for Confiscating All Your Personal Data for Safe Keeping is an *idea*, 49 days away (84 maximum) before an election. With her 10 000+ majority she will have one of her staff make a note and put it in a folder (something like "The World Shall Hear From Me Again")
Mine's the one one with some of Christopher Lee's back catalog in it.
"Banks need proof of ID when you open an account, right? Banks give people free stuff when they open an account, right? Sooooo... banks could give people free ID cards when they open accounts!"
I have no idea what Meg Hillier looks like so when I read this who popped into my head but that chirpy little ginger chipmunk Hazel Blears. Thanks, Reg!
As soon as people with no access to banking are given it with the encouragement of the government, you can guarantee that some oik in a nasty shiny suit will develop a 'product' that gives them access to stupid levels of credit, encourage them to get horribly into debt and kick off yet another cycle of boom and bust.
And it'd be foolish to think the banks won't do it - they did it before with self-certified mortgages, 125% loan to value mortgages and subprime deals - it ended horribly and what was the pay-back? They got bailed out by the taxpayer. there's simply no risk being a banker, the government will always cover your losses.
"And it'd be foolish to think the banks won't do it - they did it before with self-certified mortgages, 125% loan to value mortgages and subprime deals - it ended horribly and what was the pay-back? They got bailed out by the taxpayer. there's simply no risk being a banker, the government will always cover your losses."
Yes it does sound like the sort of situation the City of London would come up with some legal(ish) "financial instrument" to do *exactly* that.
However they're far to smart to get lumbered with the admin for this rubbish. thumbs down for a truly stupid idea.
The saddest thing isn't the violently ludicrous notion of havng banks pony up the dosh to give sad sacks ID cards that nobody but the government wants even if they'd drop the price -- the life long hassle just isn't worth it.
No, the real problem with this sickening attempt at saccharine government spin is that somehow without government oversight and a membership (``ID'') card to go with it, you cannot be social. Sorry girlie, the government just isn't that important. In fact, it excels at painting itself irrelevant incompetent idiots.
I have news for you: Painting yourself more into a corner isn't going to get you out of it. Obviously, but it equally obviously is news for you.
On that note, anybody tried signing up for a card then opting out right after receiving said card? (Only try this if you're terminally bored and could do with some futile ``excitement'').
"it would effectively operate as a pass, as opposed to actual proof of ID" - meaning that a card with your fingerprint on** would prove who you were? How? It wouldn't even 'prove' you are the owner of that print, your finger does that.
** or a link to a database with your print on - same thing.
No-one in government seems willing (or capable) of thining out what identity means!
As there aren't any ID Card readers to speak of, bank employees will have to adopt the government's (euphemism) advice and 'flick' the card, listening for that particular and peculiar sound an ID Card makes.
Well, you could make it up. The government (euphemism) does.
I have taken the advice of a previous El Reg contributor and ordered 5 information packs which I will redistribute (using pre-paid envelopes, of course) to various MPs including Meg Hillier!
There's no guarantee here that the banks will give them an account.
If they can't prove who they are initially then the chance is their credit history is blank, inaccurate or negative - and they will just get rejected.
And lets face it, getting a lifetime, legal, obligation to keep documentation up to date. As a promotional item its a poisoned chalice. Within years there would be stories of people being fined/imprisoned because they got a bank account and had no clue about the "compulsory permanent ID" part.
I'd rather have the carriage clock.
Next she will be suggesting we implant GPS chips in all ID cards and make them mandatory to carry with you (oh, wait). Then you wouldn't need a permanent address.
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