The Tories have failed us over debanking – again
On Saturday morning, when I was helping Caroline prepare for a lunch party, I got an urgent request for help from the leader of a populist, right-wing campaigning group. His organisation had just been debanked. He had five days before the account was closed, during which time the bank would return the money it had received in membership dues to the members and keep anything left over, effectively bankrupting the company. No reason was given, other than that it had breached the bank’s ‘community standards’. ‘That can’t be right,’ I told him. ‘Back in March, the government announced it was changing the rules to make it harder for banks to shut down accounts for political reasons.