CSA - Apply annual interest rates on outstanding debts in line with inflation rates

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Petition Action

CSA - Apply annual interest rates on outstanding debts in line with inflation rates

Additional Information

Proposal to introduce annual interest rates on outstanding debts in line with inflation rates.

Money losses it's value over time due to inflation. The average annual inflation rate is circa 3% and based on that £10,000 in 2004 would be worth only circa £7,000 in 2014.

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