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UK Banks Close 1,000+ Accounts Per Day.
National Pulse ^ | August 1, 2023 | JAKE WELCH

Posted on 08/01/2023 1:37:59 PM PDT by george76

Banks in the United Kingdom are closing more than one thousand private and business accounts every day, according to data obtained by a freedom of information request, which revealed the increasing regularity of the measure against both politically exposed persons (PEPs) and ordinary members of the public.

The total number of account closures exceeded 343,000 in 2022 alone, representing an enormous increase in the use of the measure compared to 2016-17, during which around 45,000 accounts were shuttered. Worse yet, banks often fail to explain why they are closing an account. Instead, they merely inform customers that the account has either closed or will close in the coming months.

Brexit leader turned TV presenter Nigel Farage – whose bank account with Coutts was recently closed due to his political opinions not “aligning” with the bank’s – is now leading a campaign against “debanking” in the UK. Since launching his campaign website, Farage explains:

“I’ve just been inundated by small businesses, by folk all round the country. People in absolute fear, terror, lives being ruined, thousands of businesses being closed. These are people who have done nothing wrong whatsoever.” – Nigel Farage, 2023

...

“I want this to be a turning point in this whole appalling behavior from banks. Whether it’s high-profile figures or people running a fish stall, what has happened within this industry is wrong,” Farage adds.

The British government has condemned banks for closing accounts and is proposing new legislation that would revoke banking licenses from the organizations that close the private accounts of public figures.


TOPICS: Business/Economy; Canada; China; Crime/Corruption; Extended News; Government; News/Current Events; Politics/Elections; United Kingdom
KEYWORDS: banks; canada; china; closing; closingaccounts; unitedkingdom
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1 posted on 08/01/2023 1:37:59 PM PDT by george76
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To: george76

Does the bank at least return the ‘rejected’ deposits to the account owner? If not, that’s stealing.


2 posted on 08/01/2023 1:39:30 PM PDT by lee martell
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To: george76

They’re keeping a list. They’re checking it twice. They know who’s been Naughty or Nice.


3 posted on 08/01/2023 1:40:09 PM PDT by ClearCase_guy (It's not a government. It's a criminal enterprise. Fear it, but do not respect it.)
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To: lee martell

Could you imagine if the company you work for was de-banked? How would they make payroll or purchase raw materials for the manufacturing department?


4 posted on 08/01/2023 1:43:27 PM PDT by packagingguy
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To: george76

That’s the kind of action that starts revolutions.


5 posted on 08/01/2023 1:44:57 PM PDT by EvilCapitalist (81 million votes my ass.)
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To: ClearCase_guy

They know who’s been Nigel, Naughty or Nice


6 posted on 08/01/2023 1:45:25 PM PDT by ProtectOurFreedom (We are proles, they are nobility.)
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To: george76

Coming to America.


7 posted on 08/01/2023 1:47:26 PM PDT by ElkGroveDan (My tagline is in the shop.)
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To: ElkGroveDan

Absolutely!


8 posted on 08/01/2023 1:50:01 PM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: lee martell

Trudeau’s Deputy - Chrystia Freeland ( her grandfather was a NAZI during WW2 ) stated that banks would be able to freeze bank accounts - without a court order. including digital assets such as crypto currencies.. of anyone linked with the peaceful truck protests in Canada.

https://www.lifesitenews.com/news/trudeau-uses-emergencies-act-to-freeze-private-bank-accounts-in-latest-attack-on-freedom-convoy/

Temporary until ..


9 posted on 08/01/2023 1:50:52 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

So it’s better to be a banker than a baker, huh?


10 posted on 08/01/2023 1:50:55 PM PDT by jeffc (Resident of the free State of Florida)
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To: EvilCapitalist

At least a lot of fires.


11 posted on 08/01/2023 1:53:01 PM PDT by larrytown (A Cadet will not lie, cheat, steal, or tolerate those who do. Then they graduate...)
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To: george76

Well, I guess on the flip side of this you can find the positive:

There are that many people on board with their globalist agenda.


12 posted on 08/01/2023 1:53:37 PM PDT by cld51860 (We’re doomed.)
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To: george76

Nearing pitchfork time


13 posted on 08/01/2023 1:56:33 PM PDT by JonPreston ( ✌ ☮️ )
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To: george76

Social Credit Scores implemented in neo-fascist Britain?


14 posted on 08/01/2023 1:57:20 PM PDT by RetiredTexasVet (Biden not only suffers fools and criminals, he appoints them to positions of responsibility. )
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To: george76

Our despicable rulers want a “cashless” society which means every financial transaction must be handled through a bank and then they want to kick us off the banks if we don’t toe the line. These people are disgusting scum.


15 posted on 08/01/2023 1:57:50 PM PDT by wildcard_redneck (The Forever War is a crime against humanity)
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To: george76

16 posted on 08/01/2023 1:58:34 PM PDT by C210N
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To: george76

Something’s up. Too many CBDC interests. How long are ‘the lists’?


17 posted on 08/01/2023 1:59:02 PM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: george76

How ironic that “Freeland” is her last name, when it does not appear to be her professional perspective at all.


18 posted on 08/01/2023 2:00:18 PM PDT by lee martell
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To: george76
It happened once, could happen again at any time...


19 posted on 08/01/2023 2:00:22 PM PDT by C210N
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To: packagingguy

Or pay the electric bill?


20 posted on 08/01/2023 2:01:49 PM PDT by Nifster ( I see puppy dogs in the clouds )
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