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This Is Incredible !!!

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Khandro | 15:14 Thu 29th Jun 2023 | News
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Nigel Farage may be hounded out of the UK
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It seems that any suspicion gives banks the right to close accounts, without explanation, to avoid risk, even when such suspicion/risk seems ridiculously small and remote. That seems wrong. Obviously society shouldn't tip off the bad guys that they are under suspicion, but one wonders what society thinks closing the accounts of everyone around them...
23:20 Fri 30th Jun 2023
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You can lead a horse to water, but you can't make him drink.
Play on sp, play on.
Barclays Bank is just as culpable as Coutts or any other financial institution in their Draconian mishandling and heavy handedness when dealing with innocent ,,until proven guilty ,,peoples accounts.
Far be it for me to cast aspersions on your rigorous defence of these banks but I can’t help feeling it’s more your personal dislike for Mr Farage’s politics. How can you defend the treatment of a young girl by the bank because of her Grandfather and her uncle is a Viscount?
your link explains that, retrocop

"And not just them, but their immediate family — which, typically, include the PEP's 'parents, siblings, spouse, children, in-laws, grandparents and grandchildren'."

I offered an explanation: because people hide money in relatives' accounts.

Here's an example

https://www.theguardian.com/world/2022/mar/22/oligarch-alisher-usmanov-swiss-bank-arsenal
Khandro

Or more accurately:

"You know what they say: you can lead a herring to water, but you have to walk really fast or he'll die."

Rose Nylund, The Golden Girls

(You'd have to have watched the show to get it).

;-)
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?
Rose was the really thick one in the programme, Khandro.

Not a judgement, just information.
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SIR – The growing tendency for banks to terminate the accounts of those whose values are judged to be politically incorrect is one indication of how we are moving incrementally towards a Chinese social credit system with British characteristics.

With the advent of the cashless economy, it will become very easy for illiberal governments and institutions to effectively neutralise dissident elements.

Marc Glendening
Head of cultural affairs, Institute of Economic Affairs
London SW1

.................................

Letter in today's Telegraph & there's lots more similar plus comment
Did Farage reveal which bank it was that closed his account? I don't particularly want to read through the whole thread.
LadyCG
He didn't personally name the bank but it is believed and has been reported particularly in the link from Dominic Lawson that I resent to SP that it was Coutts bank
The late Queen banked with Coutts and the Royal Family are apolitical (or so they must have you believe). Coutts should know better.

I think you have to have £500,000 to open an account with them, so I've heard. I do digital medical transcriptions for a company who bank with Coutts. I might have to consider not doing any work for that company any more.
You may find yourself without banking facilities if they see you as taking a political stance.

Of course there's the other option of not being noticed at all.
Luckily I don't bank with Coutts myself, Doug, but thanks for your sage wisdom.
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Lady CG //I might have to consider not doing any work for that company any more.//

That's a splendid idea - this can work two ways.

Coutts is owned by Natwest whom I've been with for donkey's years, in fact since it was The District Bank. If nothing is done soon to correct this situation I could seriously consider moving my account, though the problem would be, as they seem to be working as a cartel, to whom could I move it ?

The government must act. Owning a bank account is a right for every citizen in Germany & I think most other countries.

The Post Office Bank was originally government-owned, & could have been a bank to turn to for Farage & others, but since privatisation this is no longer the case.
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Interesting!

I just happened to look at the BBC homepage & not a single mention of this issue. Of course the BBC hate Nigel Farage & Brexit.

Biased,us! how dare you.
I used to Bank with NatWest donkeys years ago. Happily I'm with another bank now.
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Thanks douglas, but that was yesterday & on the business page, this isn't simply 'business', this is a national scandal :0)
//this is a national scandal :0) //

I don't understand why you're smiling, Khandro. That's exactly what it is.
No it isn’t- unless you believe that banks are closing down the account of those who hold views they disagree with…and that’s utter nonsense.

If it were true, how have the BNP, Britain First, Reclaim, the ERG, Gary Lineker, Katie Holmes etc etc etc all got bank accounts.

Fight credulity.

It’s corrosive.

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