Submitted on Tuesday 8th April 2014
Published on Wednesday 9th April 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 3
Tagged with
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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