UK Banks Close Conservative Accounts
Banks in the United Kingdom are shutting down accounts of right-wing figures. Last week, UK politician and Brexit leader Nigel Farage had his bank account closed with no reason given. He had been with the same banking group since 1980.
Farage attempted to open accounts with seven other banks and was rejected by all of them. He wrote on the Telegraph, “I am a ‘politically exposed person’ and carry too much risk and too many compliance costs.” His family members have also had their accounts closed.
Growing trend: This hasn’t happened only to Farage, and it’s not a new political tactic. The left started using it years ago.
The same thing happened to Mark Collett and Laura Towler in 2020. The cofounders of Patriotic Alternative who campaigned against migration both had their accounts closed in the same month, despite being with separate banks. As with Farage, no explanation was given.
Christina Jordan is another victim of this trend. In 2019, the Brexit Party member of European Parliament had her account closed without a reason given following her election.
A free speech campaign group was targeted last year after its general secretary, Toby Young, questioned why his bank was celebrating Pride. PayPal froze three of his accounts.
Financial services company Yorkshire Building Society came under fire after the Farage row. When accused of severing ties with a client who questioned the use of Pride flags at their branches, they publicly admitted that they close the accounts of those who use “rude” or “discriminatory” language.
If you don’t think that banks should be involved in promoting the lgbtq community, you are no longer allowed to have a bank account.
Separation of bank and state? It used to be that the banking sector was detached from politics. That is no longer the case. Banks can now enact deliberate and politically motivated bans on those who disagree with left-wing ideology.
Farage pointed out that everyone in the UK was once entitled to a bank account. The privatization of the post office over 10 years ago changed this.
Censorship is not a new phenomenon. Silencing dissenters by shutting down social media accounts is common. But this isn’t comparable to shutting down a bank account. “Without a bank account, you become a nonperson,” said Farage.
Government corruption: Bureaucrats and officials have far more power than most people realize. This incident with Farage shows they even have the ability to financially destroy those who oppose them.
In his book America Under Attack, Trumpet editor in chief Gerald Flurry writes:
The complicity among the political class, including Democrats, Republicans, the news media and others, is far deeper than Americans realize. The amount of power, money, influence, technology and intimidation they wield is staggering.
The same problem runs through Britain’s political veins. Political ideologies are taking over businesses.
The corruption is being exposed. Read our Trends article “Is the ‘Deep State’ Real?” to learn more.
