This blog may help people explore some of the 'hidden' issues involved in certain media treatments of environmental and scientific issues. Using personal digital images, it's also intended to emphasise seasonal (and other) changes in natural history of the Swansea (South Wales) area. The material should help participants in field-based modules and people generally interested in the natural world. The views are wholly those of the author.
Thursday 27 July 2023
Bankers and *ankers?
An enormous fuss has been kicked up by Nigel Farage over the closure of his bank account at Coutts. His account at 'the Queen's bank' was clearly closed, on the basis of the bank's fears of 'reputational damage' (all their other clients are squeaky clean?) rather than Farage's wealth. Mr Farage is a millionaire and's now getting profuse apologies from all quarters. He's reportedly using his reinvigorated platform, to advocate that all UK banks should invest more heavily in oil/gas exploration and start-up cryptocurrencies. Environmentally most helpful! Amy Taylor (A Debt Adviser in Manchester) notes, however, that poorer folk can get a much rougher deal from their banks than Farage (https://www.theguardian.com/commentisfree/2023/jul/26/forget-nigel-farage-and-coutts-banks-have-been-locking-ordinary-people-out-of-accounts-for-years). Taylor cites numerous cases, where people have suddenly had their accounts closed, with little notice and no explanation. They have had no right of appeal and generally haven't had the time, energy or wealth to attack the decision (which can be based on a vague 'belief' by the bankers). Unlike Farage, they haven't been offered an account at a less 'prestigious' bank. Quite commonly, poor people end up with no account at all. This can, and does, often make their lives extraordinarily difficult. There are many things you just can't do, if you lack a bank account. Sympathy where sympathy's due?
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