Mary Reid

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

By | Tue 17th July 2012 - 3:20 pm

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

  • Roland
    @nonconformistradical - The only people who want a GE now are self-obsessed politicians who are more interested in playing political point scoring games than ac...
  • Steve Trevethan
    What might be society improving, “headline” policies that would attract attention, and then support, externally and motivate and energise internally? Who...
  • Suzanne Fletcher
    @Hywel - I hadn't seen that and don't know whether to cry, scream or go on next train to London and spell out for him existing Lib Dem Policies that have a lot ...
  • Katharine Pindar
    Tristan Ward: the 'political space available' which you say we need to take is already ours, and mostly only ours. What is needed is for us to tell the nation ...
  • Hywel
    Just look at how vacuous Max Wilkinson was today.... (On Reforms horrendous asylum plans) "Lib Dems home affairs spokesperson Max Wilkinson said the "UK can on...