Government plans to take more cash from our dormant accounts

Government plans to take more cash from our dormant accounts

Plans to extend the rules that let the government raid dormant accounts could see a wide range of other financial sources targeted. 

Some £2bn could be raised for good causes, on top of the £600m taken from dormant bank and building society accounts since 2011. 

Under current rules, if an account has been untouched for 15 years and the product provider has been unable to track down the customer,…

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