100 billion £

[transam]

Is the conservative estimate of the value of un claimed assets floating around the Uk

Un claimed pensions that people have forgotten about / don’t know about

Forgotten bank accounts

Relatives of deceased persons named in wills that cannot be found / traced

Etc etc

 

[Murdochcat]

There’s a large number of premium bond prizes unclaimed

 

[Ihavenojob]

Rachel's already found ways to waste it if she gets her grubby paws on it.

 

[johnny2007]

Relatives of deceased persons named in wills that cannot be found / traced

Weird how quickly they find people if they've not paid a parking ticket...

 

[JohnD]

Reform will fix it.

Hello, what's this?


" Euan Healy and Robert Smith in London
Published3 HOURS AGO

Nick Candy, the treasurer of Nigel Farage’s Reform UK, has racked up more than £100mn of financial losses backing a number of failed ventures including an augmented reality start-up and a high-fashion house.

The property developer behind luxury Knightsbridge apartment block One Hyde Park — which has been a magnet for oligarchs, pop stars and other super-rich buyers — took the senior post in Farage’s party last year with the promise to transform its finances and woo significant donors.

Candy has spearheaded Reform fundraising dinners that attracted former Conservative donors. He was also present at a December meeting at Donald Trump’s Mar-a-Lago resort between Farage and Elon Musk when the Tesla chief was considering making a large contribution to the party, which made big gains in England’s local elections this month.

Though often described as a billionaire, Candy’s finances are obscured by a web of offshore companies in jurisdictions such as Luxembourg and Guernsey, leading some bankers to question the viability of his attempted bids for multibillion pound companies.

Accounts for Candy’s Luxembourg-based investment portfolio, Candy Ventures, show his investment company recorded losses totalling €120mn (£101mn) from its inception in 2014 up until December 2023, the last date for which figures are available, according to analysis by the Financial Times."

FT.com

 

[Odds]

The banking group, now known as NatWest, is expected to return to full private ownership within days, drawing a line under a £45bn state bailout that saved the bank from the brink of collapse at the height of the 2008 financial crisis. Shares have only recently pushed past their pre-financial crisis levels – closing at 524p on Friday – but the bulk of the government’s shares have been below the 502p at which they were bought. It means the government could end up recovering roughly £35bn of the original £45bn spent on the rescue package in 2008, marking a near-£10bn loss.

The former RBS chief executive, who was sacked as part of a non-negotiable condition of the state rescue, originally walked away with a £16m pension pot that paid out about £700,000 a year. But public outrage forced Goodwin and the bank to halve those payouts to £342,500 a year.

However, after nearly two decades, an agreement that linked his payouts to the rate of inflation has pushed that figure ever-closer to the original sum. The bank is now spending about £598,000 a year on Goodwin’s pension nearly 17 years after the bailout, according to estimates by wealth manager Quilter shared with the Guardian.

NatWest Group declined to comment. The Guardian was not able to reach Goodwin for comment.

 

[JohnD]

Weird how quickly they find people if they've not paid a parking ticket...

Not weird at all.

Car owner name and address is recorded by DVLC.

Apart from a few criminals,