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

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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Signatories

3

Currently ranked 38,220 out of 103,410 petitions ever created.

Diversity index: 100%

Status

Closed

Created By

Ilona Mclean-Barr

Created On

Tuesday 8 April 2014

Closing Date

Thursday 9 April 2015

Tagged With