cross-posted from: https://exploding-heads.com/post/163462
Having a bank account is necessary to interact with modern society in a basic way and being deprived of that facility is tantamount to becoming a “non-person”, a downcast Nigel Farage said Thursday as he revealed he and close members of his family are being prevented from holding an account in the United Kingdom. Warning viewers on Thursday night, he reflected: “This is going on in our country. It’s happening to plenty of people, I just happen to be one of them.
“But do you know what? Unless this rot is stopped in time to come you at home may say things on Facebook or Twitter that may result in you losing your bank accounts too. That, I think, is how scary this whole thing is.”
Farage had banked with the same banking group since the 1980s for both personal and business, he said, and that no reason was given for his longstanding relationship with the unnamed bank being terminated.
Having a bank account is necessary to interact with modern society
Yes, but having one at a “Prestigious Banking group” Is not. He can open a basic bank account like any other person with poor credit.
Does he have poor credit?
Or does he have a poor social credit score?
social credit score?
Doesn’t exist in the UK. And creating such a system would be very against the data protection act.
And as anyone has the legal right to request such data. Would have to be run in such secrecy. It would be an absolute nightmare for any bank to share such data with other organizations.
Historically, the building industry had one for employing labour. Back in the 80s and 90s, I think. It was shut down very aggressively by the legal system.
So while it is definitely possible. And could exist among banks when opening new accounts. The legal need to document accounts. Would mean when it comes to closing such accounts. There would be far too much risk for a fiscal institution to implement it.