I just found this while looking at insurance, is anyone up on the details about what data is being made "portable"?
http://www.gocompare.com/money/midata/
The general essence of this initiative is to "share" via a centralised government backed data broker, data to help companies actively match your banking behaviour with the best products. ... and will share information such as who provides your mobile phone and utilities.
Its being presented as a solution to the non competitive markets.
but seriously this is a !wtf #Featureof1984 as authorised by Teresa May
and if anything it means the competitors will have enough info to know exactly how much to price at to get the most out of you.
J
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