Coutts cancelling Nigel Farage’s bank account for holding unfashionable views should be a wake-up call for us all – it is just the tip of the iceberg. This politically motivated cancellation born out of “woke capitalism” is alarmingly widespread. You don’t have to agree with Farage’s politics to agree with him that something has gone terribly wrong in the institutions.
Banks de-banking customers for their views is also a forewarning of the totalitarian regime that will be ushered in if central bank digital currencies (“CBDCs”) become the sole form of “currency” to buy and sell.
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Writing for The Telegraph yesterday, Farage said: “In recent years this bank – 39 per cent owned by taxpayers, remember – has morphed into a woke warrior. It has become obsessed with public displays of political correctness rather than focussing on the business of managing and making money … Now it seems that other British banks are also marching down this one-way street.”
Reporting live from Bury, Nigel Farage promised to form a lobby group to get the rules on banking changed, to get the politics out of banks and building societies. “Don’t underestimate me, I mean this. We are going to fight and get justice for all of these wronged people,” he said. “Banking should be about banking and not becoming the moral arbiters for everybody else.”
