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Careful what you say, or you may end up without any banking facilities.

(480 Posts)
M0nica Wed 19-Jul-23 08:44:03

The DT headline news today is that Nigel Farage's bank, Coutts, unilaterally shut down his bank account with them, not, as they said originally because his assets fell below a minimum figure but because:

He doesn't align with our values He is seen as zenophobic and racist. He is considered by many to be a disingenuous grifter. Being associated with NF represents a material and ongoing reputaional risk to the bank

So now you know, we have a a new set of self-appointed censors in the land. Hold the wrong political views - and thats it, your bank account will be closed down.

And why should they stop at political views? Will the banks start closing the bank accounts of any one with contentious ethical or religious views, or because they are in the public eye for some aspect of their behaviour.

Will Huw Edwards, Philip Schofield, Katie Price, Prince Harry have their bank accounts closed down because the banks, who daily process millions, if not billions of £s for drug dealers, corrupt members of corrupt regimes, whose people starve while they stash £millions away in secret bank accounts, consider that the above named ^do not align with their values'

Who gave the banks, and when, the right to censor what we do and what we think and withdraw, that absolute essential of life today - a bank account - because someone's political or other views offend their delicate consciences?

Namsnanny Sat 29-Jul-23 15:13:47

vegansrock

I find it hard to get excited about Farage and his posh bank account - he can bank elsewhere. What about the expats who had their U.K. bank accounts closed directly because of Brexit? What about millions who are struggling to make ends meet? What about the climate emergency? None of this on the front page of the Telegraph.

I get how you feel vegansrock.

But as p53 pointed out there really is more to the story than a privilaged marmite ex mp's posh bank account.

Freedom of speech

Abuse of power in our institutions

Abuse of private confidential information

The creeping overreach of the banks in this case, but many other once trusted institutions, into our lives and even thoughts

All of the problems you mention pale into insignificance because, if the rights of the most privilaged people in the world (the West) of which you and I are part of, are eroded, how can any of the issues of the day be delt with properly?
Our freedoms need to be preserved and with luck, taken up by those around the world who currently suffer without said rights

The point you make about

ex Pat's who have had their accounts closed

Has some merit for discussion.
Someone more knowledgeable and interested could argue until the end of time whether the cause was Brexit (will it always be quoted, as infinitum? 🤣)

But fundamentally
that is exactly what NF is trying to do!

Unlike some in the press who criticise, and spew vitriol on his every move. But do nothing to help the situation (where were they when ex Pat's, small businesses, church, Muslim accounts were shut down???)

Changing the group think in the banks hopefully getting the system called de banking changed for everyone's benefit, making the subject 'Topic De Jour' (sorry something my husband and I say) and lots more, is the aim of this campaign

In fact I've said it before, you may well end up
^Thanking NF^
for helping ex.pats and other normal people who lost their accounts. 😳🤣🤣

This really is bigger than NF, but it took him to shine a light on it.

icanhandthemback Sat 29-Jul-23 13:46:36

Fleurpepper

British people who live in the EU, paying tax in the UK and getting their pensions paid in the UK in Sterling- are not money launderers! Their accounts were closed as a direct consequence of Brexit.

Whilst this might be an awful thing to happen to them, it doesn't negate what is happening to Nigel Farage or make it any less worrying because you have different political beliefs from the next man. People who don't have bank accounts are marginalised in today's financial society. Brexit might have been a disastrous decision for many but it wasn't illegal to push for it. Has anybody removed Cameron from his bank accounts because he failed to make a credible case as to what would happen if we left Europe?
Banks seem to be a law unto themselves. I hold an LPA and each different bank has a different set of rules about what I can and can't do which often run contrary to the idea of a LPA. This makes life extremely difficult on occasions trying to move money around or purchase items. I can't imagine what it would be like to try to run a business without a bank account.
I think the point is that if it can happen to NF, it could happen to anyone and that is worrying.

Fleurpepper Sat 29-Jul-23 09:11:20

British people who live in the EU, paying tax in the UK and getting their pensions paid in the UK in Sterling- are not money launderers! Their accounts were closed as a direct consequence of Brexit.

Fleurpepper Sat 29-Jul-23 09:09:48

vegansrock

I find it hard to get excited about Farage and his posh bank account - he can bank elsewhere. What about the expats who had their U.K. bank accounts closed directly because of Brexit? What about millions who are struggling to make ends meet? What about the climate emergency? None of this on the front page of the Telegraph.

But they say 'it has nothing to do with Brexit' doh sad

Primrose53 Sat 29-Jul-23 08:58:13

vegansrock

I find it hard to get excited about Farage and his posh bank account - he can bank elsewhere. What about the expats who had their U.K. bank accounts closed directly because of Brexit? What about millions who are struggling to make ends meet? What about the climate emergency? None of this on the front page of the Telegraph.

You’re not keeping up are you? He can’t bank elsewhere as 9 banks had already refused him because they all close ranks. He was offered a Nat West private account just a few minutes before he went on air to expose this but he needs a business account.

vegansrock Sat 29-Jul-23 06:43:14

I find it hard to get excited about Farage and his posh bank account - he can bank elsewhere. What about the expats who had their U.K. bank accounts closed directly because of Brexit? What about millions who are struggling to make ends meet? What about the climate emergency? None of this on the front page of the Telegraph.

Namsnanny Fri 28-Jul-23 16:22:46

Fleurpepper

Arron Fraser Andrew Banks (born 1966) is a British businessman and political donor.[1] He is the co-founder (with Richard Tice) of the Leave.EU campaign.[2][3] Banks was previously one of the largest donors to the UK Independence Party (UKIP) and helped Nigel Farage's campaign for Britain to leave the EU.

Who cares? Old news.
Oh btw, was he the person who won their court case over Russian connections/money?

Namsnanny Fri 28-Jul-23 16:20:54

MadeInYorkshire

fancythat

So much of what people have been warning about, is coming true.

I am doomed anyway. I am a Christian. So I have felt free to say what I wanted for years on social media and elsewhere.

It certainly is ... and people need to wake up before it gets any worse. Have to say I don't hold back if I think things are 'off', My banks don't get a lot off me as it is, but the time is coming where we will definitely be a cashless society, so without a bank we really are going to be doomed!

MIYorkshire fancythat.....

Bleak though the outcome seems (at times) for our grandchildrens future, with talk of a 'social contract' similar to that used in China, seeming on the horizon.

I take heart that you can see what is looming ahead of us.
Which underscores how important it is this campaign isn't given up on.

(sorry I haven't worded that as well as I could have smile)

MadeInYorkshire Fri 28-Jul-23 15:46:55

fancythat

So much of what people have been warning about, is coming true.

I am doomed anyway. I am a Christian. So I have felt free to say what I wanted for years on social media and elsewhere.

It certainly is ... and people need to wake up before it gets any worse. Have to say I don't hold back if I think things are 'off', My banks don't get a lot off me as it is, but the time is coming where we will definitely be a cashless society, so without a bank we really are going to be doomed!

Fleurpepper Fri 28-Jul-23 15:40:15

Arron Fraser Andrew Banks (born 1966) is a British businessman and political donor.[1] He is the co-founder (with Richard Tice) of the Leave.EU campaign.[2][3] Banks was previously one of the largest donors to the UK Independence Party (UKIP) and helped Nigel Farage's campaign for Britain to leave the EU.

Fleurpepper Fri 28-Jul-23 15:37:24

Freya5

Fleurpepper

Namsnanny ''Fleurpepper Ahhh I get it now. Your last post included the word Brexit, and there in lies the rub.''

the rub indeed. It is not as though Farage had nothing to do with Brexit- and really dodgy alliances with Russia, Banks, Trump, and even worse (and Banks closing the accounts of thousands of British expats who still pay taxes in UK and get their pensions paid in UK) - nothing at all.

Rather a libellous statement re Russian banks. Was investigated nil found re NF. Really are desperate .

Banks, Aaron Banks!

GrannyGravy13 Fri 28-Jul-23 10:07:49

FarNorth

^"As I understand it you need an English address to have an English bank account now."^

You need a UK address to have a UK bank account.

That is what I meant to post, in my defence there were mitigating circumstances I was posting from an extremely loud, packed and somewhat dark indoor trampoline park.

(I wasn’t jumping DGS was 🤣🤣)

Freya5 Fri 28-Jul-23 10:03:04

Fleurpepper

Namsnanny ''Fleurpepper Ahhh I get it now. Your last post included the word Brexit, and there in lies the rub.''

the rub indeed. It is not as though Farage had nothing to do with Brexit- and really dodgy alliances with Russia, Banks, Trump, and even worse (and Banks closing the accounts of thousands of British expats who still pay taxes in UK and get their pensions paid in UK) - nothing at all.

Rather a libellous statement re Russian banks. Was investigated nil found re NF. Really are desperate .

FarNorth Fri 28-Jul-23 05:24:28

"As I understand it you need an English address to have an English bank account now."

You need a UK address to have a UK bank account.

Namsnanny Thu 27-Jul-23 23:15:04

ronib I don't understand why we have to excuse NF history to be honest.

This is about the banks adoption of ESG and all the other ideological causes they have bought into.

ronib Thu 27-Jul-23 21:15:00

Dinahmo Nigel Farage was elected a MEP in 1999 representing SE England and was re-elected four times. Not bad at all?
I guess trying to start a new political party is always problematic given the current political system in place.

Namsnanny Thu 27-Jul-23 21:14:08

Dinahmo

Namsnanny

I see it differently varian. The effect of the banks on people and their inability to get any redress from the Banks or the Ombudsman. Has built a large section of people who have found someone to represent them.

You see seven failures, I see seven times a man got up and tried again.

Could you say the same about your life? I know I couldn't.

Perhaps you could explain why you think he failed 7 times?

Why?

It has no bearing on this thread, or the Banking problems.

But don't let me stop you from listing all the reasons you think are necessary for this discussion.

Namsnanny Thu 27-Jul-23 21:10:56

Yawn, I'ts now the populous who are at fault, for supporting NF
Hearing the left defend banks is really weird

Dinahmo Thu 27-Jul-23 20:46:33

Namsnanny

I see it differently varian. The effect of the banks on people and their inability to get any redress from the Banks or the Ombudsman. Has built a large section of people who have found someone to represent them.

You see seven failures, I see seven times a man got up and tried again.

Could you say the same about your life? I know I couldn't.

Perhaps you could explain why you think he failed 7 times?

Namsnanny Thu 27-Jul-23 20:36:11

Fleurpepper

Namsnanny ''Fleurpepper Ahhh I get it now. Your last post included the word Brexit, and there in lies the rub.''

the rub indeed. It is not as though Farage had nothing to do with Brexit- and really dodgy alliances with Russia, Banks, Trump, and even worse (and Banks closing the accounts of thousands of British expats who still pay taxes in UK and get their pensions paid in UK) - nothing at all.

As Oreo said, This-has-nothing-to-do-with-Brexit.

Or alliances with Russia, or anything else you have said. Old news re hashed.

I read your post about ex-pats. Nothing to do with Brexit. All to do with regulations brought in (under the guise of) stopping money laundering.

A completely different problem.

Sorry to inform you, but that problem may well be ironed out by NF and his new website, who aim to bring the banks into line over this and other problems.
If he is successful, you may find yourself actually thanking him! smile

Did you know that for every £100 spent on preventing money laundering, £1 is recovered?

Terrible value for money.

Oreo Thu 27-Jul-23 20:16:11

Primrose53

tickingbird

I find it really amusing the way some are twisting themselves into knots in their attempts to justify the treatment of NF. It’s victim blaming and illustrates just how illiberal some really are. It’s prejudice pure and simple. People are entitled to loathe NF if they wish but to keep coming out with these slurs just to justify his poor treatment by the banks is, frankly, pretty shabby.

👏👏👏

You got it in one tickingbird 👍🏻

Oreo Thu 27-Jul-23 20:14:54

Fleurpepper newsflash! This is nothing to do with Brexit😂

Oreo Thu 27-Jul-23 20:13:40

I listened to that while getting ready for work the other day, NF was right to call Robinson condescending cos he really was, you could hear the sneery laughter in his voice.Not Nick Robinson’s finest hour.

Fleurpepper Thu 27-Jul-23 20:12:26

Namsnanny ''Fleurpepper Ahhh I get it now. Your last post included the word Brexit, and there in lies the rub.''

the rub indeed. It is not as though Farage had nothing to do with Brexit- and really dodgy alliances with Russia, Banks, Trump, and even worse (and Banks closing the accounts of thousands of British expats who still pay taxes in UK and get their pensions paid in UK) - nothing at all.

Namsnanny Thu 27-Jul-23 20:10:00

varian

pp?

Who are you speaking to varian?