I’d be intrested to see who’s on the boards etc and payroll of those charities and the ones setup that recieve funds or the companies that get contracts and money from mbo. I would hazard a guess the sames names will crop up often or someones wife or family member etc etc..
It’s hard to believe the banks run mbo for nothing at all, infact that might not be the case at all.. just well hidden or an admin fee that’s a % of profits etc. Like banks can be trusted?
Maybe it needs looking into deeper than the parliamentary inquiry did.
1 billion in profit’s in the last 12 months and what that’s being used for not to help user’s of the scheme much but pretty much like at my son’s old school that got extra money to help the kids that was not so privileged and what did the school use the money for, to provide broadband at the school for all pupils.
So profits from the mb scheme are being used to benefit a whole host of other things. while a few months ago the ceo says we are sorry but ap’s will rise and you’ll have to wait longer for the new car and we’ll profit hugely from that from the increased used cars re-sale values and you’ll see none of it, except for a token gesture a one off payment of £250. The next 6 month report will be even more profits than the last one.
I now have left the scheme as it’s just not as viable for me as it was to lease with such high ap’s which is another thing we get nothing back for at the end of the lease, just like with added extra’s.