The UK government is considering new legislation which would revoke banking licenses from organizations that close accounts of public figures with whom banking executives disagree. This follows the controversy currently surrounding Brexit leader Nigel Farage, whose account was shuttered by the globalist-run Coutts/NatWest.
It will be incumbent on British banks to uphold and protect freedom of expression in return for banking licenses under legislation expected to be announced next week. The government is also discussing new rules that will force banks to provide customers with at least three months’ notice before closing their accounts rather than the current notice period of one month and to provide an “explicit” reason as to why they are closing the account, reports the British newspaper The Times.
“It would be of serious concern if financial services were being denied to anyone exercising their right to lawful free speech,” stated Economic Secretary to the Treasury, Andrew Griffith
“[T]he privilege of a banking license in a democracy should imply a duty not to ‘debank’ because you disagree with someone’s views,” Griffith added.
Farage has pointed to the fact that his former bank was or is run by an anti-Brexit executive, though most British banking executives have remained ardently against Britain leaving the European Union.