Charities: Banking Services Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Lord Mohammed of Tinsley
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Charities: Banking Services
Lord Mohammed of Tinsley Excerpts(1 week ago)
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Lord Lemos (Lab)
That does not sound right to me. I do not know the answer to that question, but I will make sure my noble friend Lord Pitt-Watson writes to the noble Viscount.
Lord Mohammed of Tinsley (LD)
My Lords, I want to take up the issue of debanking, not just in the charity sector but in independent journalism. I do not know whether the Minister knows about the Canary, an independent journalism outlet that Lloyds Bank has debanked, meaning that it did not have access to substantial amounts of money to pay staff. Does the Minister think that fair and ethical in an open society where we value a free press?
Lord Lemos (Lab)
I am not familiar with that case, but if it is as the noble Lord suggests—and I have no reason to doubt that—that is a serious concern, and I am sure the FCA would want to know more about it.