Sunday, 1 July 2012

WHAT SHOULD WE DO ABOUT OUR BANKS?

Kent Green Party’s Campaigns Officer, Hazel Dawe, who spent 12 years working in banks before becoming a Law Lecturer, suggests what people concerned about the banking crisis can do to protect our common interests:

“Kent Green Party notes that Barclays, HSBC, Lloyds and RBS banks have been caught engaging in rate fixing which provided them with illegitimate gains from some of their customers. Other banks may yet be shown to have engaged in the same type of activity. What can ordinary people and businesses do?

“First, no one has to use a bank which has engaged in unacceptable activities. We all have the right to change our bank. Secondly, we need to consider how the bank or building society we do choose will use our money. Some banks have strong ethical investment credentials like the Co-op and Triodos. Building societies which are still mutual are engaged in helping people get mortgages. This means their local branches help people in our localities throughout Kent. So using a mutual building society has direct benefits to people living in Kent and Medway. Similarly, banks with strong ethical investment records will support fair trade, renewable energy and other things which are of real use in this country or others.
“Let this be very clear: if the Coalition Government will not reform, restructure and clean up our banking system then we, the citizens, can. There is already an E-petition calling on government to withdraw Barclays banking licence. Sign here: http://epetitions.direct.gov.uk/petitions/35446 (1).

Ends c253 words

FURTHER INFORMATION: Dr Hazel Dawe, Campaigns Officer of Kent Green Party, on 01732 355185 or 079444 71083. Contact address as above. Dr Hazel Dawe spent 12 years working in banks before becoming a Law Lecturer in 1998. She is now Head of Law Programmes at the Greenwich School of Management. Promoted by H.Dawe and published by Kent Green Party, both at 27 Audley Avenue, Tonbridge, Kent TN9 1XF. Monthly free ezine KENT GREEN NEWS available for subscription at www.kentgreenparty.org
Notes:
1.    The E petition was developed by Professor Molly Scott Cato, one of the world’s leading green economists.

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