COMPENSATION PROJECT : NATIONAL DEBT

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COMPENSATION CAMPAIGN :  NATIONAL DEBT

COULD YOU BE AFFECTED?

Were your institution’s investments and the savings of your members impacted by the proven collusion in the UK government bond market? The UK’s Competition and Markets Authority has made a formal finding that several of the world’s largest banks engaged in unlawful behaviour, manipulating a market that is fundamental to our economy and the security of long-term savings. As a fiduciary for your clients and pension members, you have a duty to act to recover the financial losses that resulted from this illegal cartel. COCOO is leading the formation of a powerful, fully-funded collective action to reclaim the funds that you are owed and to hold these institutions to account. Joining our action carries no financial risk to you. This is a unique opportunity to fulfil your legal and moral obligations, recover significant value for your members, and send a clear message that anti-competitive conduct in our critical financial markets will not be tolerated. We urge you to contact us to understand how you can become a leading participant in this landmark recovery case.

COCOO.uk is launching an exploratory campaign to investigate potential avenues for redress concerning harms that UK taxpayers, consumers, investors, and businesses may be suffering due to what are perceived as excessive levels of UK national debt and the public policies that contribute to it. Are you one of those affected by the broader economic consequences of high national debt?

Potential affected parties include the general UK public, taxpayers facing increased burdens, consumers experiencing eroded purchasing power, investors whose returns may be impacted by macroeconomic instability, and businesses contending with a challenging economic environment potentially linked to fiscal policy outcomes. This also extends to those concerned about the intergenerational transfer of debt and reduced public service capacity

COMMON HARM

The common harm under investigation is the diffuse economic loss and negative externalities allegedly arising from sustained high levels of national debt. This can manifest in various ways, such as increased taxation, inflationary pressures that diminish the real value of income and savings, the ‘crowding out’ of private investment by substantial government borrowing, constraints on public spending leading to diminished quality or availability of public services, and overall reduced economic growth and productivity. A shared concern is the increased vulnerability of the economy to shocks and the long-term burden placed on future generations

WHY THIS CAMPAIGN IS CRUCIAL

This campaign is necessary because, while the management of national debt is a complex area of government policy, the sheer scale of the current debt (around 95.5% of GDP as of February 2025 ) and its projected trajectory raise significant public interest concerns about long-term economic well-being and fiscal sustainability. COCOO.uk acknowledges that establishing direct tortious liability against public bodies for macroeconomic policy decisions faces profound legal challenges, including the doctrine of non-justiciability and difficulties in proving a specific duty of care and causation. However, we believe it is crucial to explore the impacts felt by the public and to gather information that might illuminate specific decisions or omissions. This campaign seeks to understand the scope of these harms and to assess whether any specific circumstances might warrant further action, even in the face of acknowledged legal hurdles

ACTUAL AND POTENTIAL HARM

Potential causes of action in tort, such as negligence or misfeasance in public office by those responsible for fiscal management, are being examined, although it must be stressed that such claims are exceptionally challenging in the context of national economic policy. For negligence, establishing a legally recognised duty of care owed by public bodies to the general public concerning the overall level of national debt, and proving that specific policy choices breached this duty causing quantifiable loss, presents formidable obstacles. Misfeasance in public office would require proving a high threshold of bad faith or malicious intent in fiscal decision-making, which is also exceedingly difficult. The perjuicios, or harms, are those economic losses and negative externalities mentioned above, including higher taxes, inflation, reduced public services, and diminished economic opportunities, all allegedly linked to the level of national debt. While legal precedent for such claims is scarce, COCOO.uk believes in scrutinising all potential avenues for accountability

BENEFITS OF JOINING

  1. Free access a compensation mechanism.
  2. Express your concerns and provide evidence: You will have a platform to detail the damages suffered.
  3. Propose solutions: You will be able to contribute practical and legal ideas.
  4. Strengthen transparency and fair competition: You will support a constructive debate on the correct application of EU rules and the promotion of competitive markets.
  5. Restore trust: Your participation can be decisive in restoring the integrity of the competitive framework and the confidence of economic operators
  6. Join a community of potentially affected parties to facilitate compensation. Subscribing to a compensation campaign does not create an attorney-client relationship and does not commit you to any obligation, fee, or cost

ABOUT US

COCOO.uk is a British non-profit organisation dedicated to the promotion of fair competition, the protection of investors and consumers, and the safeguarding of the public interest. Our objective is collective redress on behalf of consumers and competitors to protect and promote their right to discipline responsible parties, both public and private. Oscar Moya LLedo is our Solicitor (the British equivalent of an “Abogado”) and plays a fundamental role in our mission to promote fair competition and protect the rights of consumers and businesses.  PROJECT:  NATIONAL DEBT: CASEFILES

Campaign Phases:

PHASE 1: Identification of systematic deficiencies in compliance with legislation that protects consumers, competitors, and the public interest.

PHASE 2: Identification of potentially affected parties and uniting them through this platform. Most victims never receive compensation and never find out that they are victims entitled to compensation or restitution. This creates a significant imbalance in the justice system to the disadvantage of consumers and competitors. That is why we need to unite. United, we gain power to negotiate on equal terms.

PHASE 3: Negotiation of the payment of financial compensation or restitution to the affected parties

LEGAL NOTICE

Joining a Compensation Campaign does not create a lawyer-client relationship and does not commit you to any obligation, fee, or cost. The allegations set forth herein are subject to an ongoing investigation and have not been proven before a court of law, unless otherwise indicated. All information provided will be treated confidentially in accordance with data protection regulations. This document contains the opinions, beliefs, and allegations of COCOO.uk based on currently available information and presented in good faith. These statements are subject to further investigation and should not be construed as definitive facts unless so established in a legal proceeding. COCOO.uk is a charitable society, not a law firm. The statements set forth herein are based on current information and are subject to further investigation. The basis for collective action resides in the fact that multiple entities and/or individuals may have suffered similar economic harm as a result of common conduct, for example, the overcharge paid by consumers or businesses, or mismanagement by the public sector