Gina Miller's political party bank account to be closed
Gina Miller's political party bank account to be closed
Monzo initially refused to tell the anti-Brexit campaigner why the account was being shut down.
This is the most concerning thing in that article: "Ms Miller said a number of banks had turned down an application for her political party to open a bank account."
Why? Political parties need bank accounts to be able to function, as do we all. I've got no time for Gina Miller, but she should be able to set up a political party and campaign on issues she thinks are important. That's how democracy is supposed to work.
Maybe she doesn't have enough money in her account 🤣😂🤣?
No but seriously I'm sure everyone that called for Farage the Barrage's account to remain closed because he could go to another bank will be calling for the same here.
"A spokeswoman for the bank said: "Like lots of banks, we do not accept any political parties as Monzo Business customers in the same way that we don't currently accept trusts, clubs and a range of other organisations."
So it seems perfectly reasonable to me - the account wasn't in the terms of service from the get-go. It's a bit of a non-story in that respect.
There does however need to be a legally mandated bank of last resort where accounts can be held for any non-criminal reason, with all the typical facilities that a normal bank account would have, and with charges in line with a similar bank account at any other bank. While it's fair that a commercial bank should be able to have terms and conditions on the type of businesses they accept, political parties, clubs, trusts, etc. all need bank accounts to function and so there should be a public bank that must accept all legal business without exception.
Farage's personal account and her party's business account are not the same thing. Especially when she lied about the purpose of the account in order to get it, it seems like the bank is well within reason to close it. Plus, Farage was offered an account with NatWest - he just didn't want it.