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UK banks risk losing licenses for debanking customers over political views

Published 07/21/2023, 01:46 AM
Updated 07/21/2023, 03:20 AM

The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views.

A July 20 report from The Times said the United Kingdom’s government is considering tighter conditions on banking permits that would seek to protect freedom of speech. A final decision is yet to be made, but the U.K. Treasury is expected to announce the new rules as soon as next week.

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