LibLink: Stephen Williams says MPs should move their money from big banks

In an article in The Spectator, Stephen Williams argues:

The Libor scandal has shown the UK’s banking sector in its worst light. The public has lost trust in the big banks and are concerned that their politicians are more interested in political point scoring than the urgent task of fixing our broken banking system.

That is why, last year, I joined the Move Your Money campaign, which urges the public to use their consumer power to change the behaviour of the big banks by moving their money, or at least some of it, to ethical, local or mutual financial institutions.

He has taken action himself, by opening an account with an ethical bank. Moreover:

This morning, I emailed all Parliamentarians calling on them to join the campaign; we all want a better banking system, now we need to put our money where our mouths are. I’ll continue to urge all parliamentary colleagues, including ministers, to move their money.

For too long, the UK has been at the mercy of five big banks. They cannot continue as they do, failing to lend to small businesses, paying undeserved bonuses and ripping off their customers. Half a million ordinary people have already taken a stand and moved their money; now it’s Parliament’s turn.

You can read the full article here.

 

* Mary Reid is a contributing editor on Lib Dem Voice. She was a councillor in Kingston upon Thames, where she is still very active with the local party, and is the Hon President of Kingston Lib Dems.

Read more by or more about or .
This entry was posted in LibLink.
Advert

One Comment

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • George Thomas
    "A number of states have also gone as far as to largely eliminate restrictions on who can carry a gun. In June 2021, for example, Texas Governor Greg Abbott sig...
  • George Thomas
    The alleged ABBA party wasn't investigated because Sue Gray stopped investigating when the Met (previously uninterested in looking into the matter) started to i...
  • Roger Lake
    My comment not far above is meant to suggest what may be thought too long-term -- certainly more than one General Election, since the first stage of National In...
  • Roland
    The Gray report adds to the question to the police - given the grounds on which members of the public were fined the maximum fine of £10,000, why weren't these...
  • Barry Lofty
    [email protected] I would like to believe that the country might think the Tory Party itself have played a large part in the lowering of respect for the politicians entr...