UK Banks commit to political nondiscrimination

From The Independent (UK):

Economic secretary Andrew Griffith told the bosses of some of the UK’s biggest banks on Wednesday that it is important to protect freedom of expression….

It came after former politician Nigel Farage’s bank account with Coutts—a bank for the ultra wealthy—was closed.

The account was shut after Mr Farage’s mortgage payments came to an end. Due to extra checks on so-called politically exposed persons (PEPs), Mr Farage and other politicians are expensive to provide services to.

Therefore, when he had paid off his mortgage he fell below Coutts’ “commercial criteria” basis. The bank cited this, and his public profile as an at times controversial figure with opinions which it said clashed with the bank, as the reasons for why it terminated his account….

The Treasury said the bank bosses at the meeting had committed to “the principle of non-discrimination based on lawful freedom of expression.”

Advertisement

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement