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Chancellor speaks out against banks shutting down people’s accounts over beliefs

Chancellor speaks out against banks shutting down people’s accounts over beliefs
Jeremy Hunt | HM Treasury
ET staff writer
ET staff writer
15 August, 2023 2 min read

The chancellor of the Exchequer, Jeremy Hunt, has said banks should not be allowed to close people’s accounts simply because they disagree with their views.

Hunt called on the City regulator to get on top of the situation and defend the right to free speech.

He wrote a strongly worded letter to Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA).

He wrote, ‘Free speech is a fundamental human right. You can agree or disagree with Nigel Farage, but everyone must be able to express their opinions.

‘In today’s society, you need a bank account to function and so a threat to be de-banked is a threat to your right to express your opinions.

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