UK ConDem Coalition Government Wants All Of Your Personal Financial Information

It was reported today that the UK Coalition Government [ConDem, Conservative & Liberal Democrat] is planning on changing the law requiring all companies and banks to hand over details of the earnings of the out-of-work and tax credit beneficiaries. Essentially, if the Government does not have this information already, they will be allowed to legally seek and receive the information. The plan is that eventually all bank details and account information of all UK wage earners and benefit recipients will be obtained by the government. Under the current system, the Department for Work and Pensions holds tax benefit details separate from HMRC. The new system will require companies to submit payroll details every month and will also allow for HMRC and DWP to share bank details and other, personal financial information between both departments. Clearly, this new scheme raises all kinds of security and privacy questions. Can we trust the Government to centrally maintain a database of all of our financial information in a secure and appropriate manner? Wont a central database be open to all kinds of cyber attacks? Will the Government be able to guarantee the privacy of each persons financial account? And if the Coalition Government is really and truly committed to decentralising government why are they planning on centralising all UK wage earners and benefit recipients financial information into one database?
Dominique Lazanski, Big Brother Watch
Read more at The One Click Group
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