What happens to the money when companies are fined by the regulators?
We hear of train companies being fined for late trains, TV companies are fined for ripping off viewers in phone-ins etc. but where does the money go?
Tags: companies, fined, happens, ins, late trains, money, regulators, train, train companies, tv companies
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September 8th, 2010 at 10:56 pm
the government .. rainy day fund or whatever fund they have setup .. fish and wildlife, transportation , whatever
September 8th, 2010 at 11:33 pm
Where else….to the Government.
September 8th, 2010 at 11:52 pm
The companys’ fines are paid into the Consolidated Fund operated by the Treasury. The money is used by the Government for spending on public services.
September 9th, 2010 at 12:23 am
I highly suspect the money goes to the government again who fund big business and regulating systems with everyones money to begin with. Compulsory BBC take licence payers money and are government (tax payer) funded a classic example of the rip off cycle, they even have the audacity to use our money for the lottery show.
Trading standards in funded by the public for the public but when you go to them they are useless.
Why else would the government put such “Schemes” in place if their wasn’t an investment to be had?
Government/Council workers are the highest paid people in the country.
September 9th, 2010 at 1:03 am
Straight into the Treasury.
September 9th, 2010 at 1:45 am
It buys peerages, of course.