The Tories Have Failed Us Over Debanking – Again (Spectator)

[Streetwalker]

What policy?

So over all these years that you have been deriding Farages party's and even here calling the guy a 'smarmy git' you haven't even bothered to read what his party's policies have been ?

Its not hard he hasn't really changed tact since the turn of the century on taxation , immigration , fishing , education ,the military covenant .........some of it must have sunk in . Even on what we are talking about here with regard de banking he had set his sights on a bit of revenge with a restructuring of the way banks pay interest on their reserves which would have seen billions of bankers profits re directed into the treasury .

[papasmurf]

Thats neither here nor there , I was more thinking about policy that personality
Sounds like a plan if the banks start getting bigger than their boots

What policy?

[Streetwalker]

I would not trust that smarmy git as far as I could throw him.

Thats neither here nor there , I was more thinking about policy that personality 

If bankers are bringing politics into who can or cannot have an account, it is a concern.
There needs to be one account which everyone is entitled to, perhaps a Post Office or Government Bank current account which is fireproof.
This would need to be available to all as no one is paid cash for pensions or salaries these days. A bank account is essential to function.

Sounds like a plan if the banks start getting bigger than their boots 

[papasmurf]

I bet its not

I would not trust that smarmy git as far as I could throw him.

[Barry]

If bankers are bringing politics into who can or cannot have an account, it is a concern.
There needs to be one account which everyone is entitled to, perhaps a Post Office or Government Bank current account which is fireproof.
This would need to be available to all as no one is paid cash for pensions or salaries these days. A bank account is essential to function.

[Streetwalker]

It is the ONLY thing I agree with Farage on. 

I bet its not 

[papasmurf]

Pretty terrible news, it's something I agree with Farage on - debanking should be banned.

The Tories couldn't even do the simplest of things to prevent free speech being crimped, it seems

It is the ONLY thing I agree with Farage on.  

[Borg Refinery]

On Saturday morning, when I was helping Caroline prepare for a lunch party, I got an urgent request for help from the leader of a populist, right-wing campaigning group. His organisation had just been debanked. He had five days before the account was closed, during which time the bank would return the money it had received in membership dues to the members and keep anything left over, effectively bankrupting the company. No reason was given, other than that it had breached the bank's 'community standards'.
'That can't be right,' I told him. 'Back in March, the government announced it was changing the rules to make it harder for banks to shut down accounts for political reasons. If the bank wants rid of you, it now has to give you 90 days' notice and set out in detail why it's closing your account. Disapproving of your political beliefs isn't a permitted reason.'

After frantic Googling, I discovered 'Farage's Law' had been torpedoed by the snap election

He sounded relieved, as well he might, and went off to compose a robust email to the bank's CEO. Then I had a worrying thought. What if the government had never actually got round to changing the rules before parliament was dissolved last week? In March, the Treasury published a policy note in which it set out the draft statutory instrument (SI) that would amend the Payment Service Regulations 2017 to better protect customers from being debanked. All the government needed to do was lay this instrument before parliament and the changes would take effect.
But had it? I WhatsApped a former Treasury minister and he thought it must have been because it was ready to go when he was reshuffled last year. But after some frantic Googling, I drew the inescapable conclusion: these promised changes had been torpedoed by the snap election.

Link

Pretty terrible news, it's something I agree with Farage on - debanking should be banned.

The Tories couldn't even do the simplest of things to prevent free speech being crimped, it seems