by Stephen Williams MP
The Libor scandal has shown the UK’s banking sector in its worst light. The public has lost trust in the big banks and are concerned that their politicians are more interested in political point scoring than the urgent task of fixing our broken banking system.
That is why, last year, I joined the Move Your Money campaign, which urges the public to use their consumer power to change the behaviour of the big banks by moving their money, or at least some of it, to ethical, local or mutual financial institutions.
The stats show that we are more likely to go through a couple of divorces than move away from our bank. But moving our money would make them sit up. So why not open an account with an ethical bank? I have opened an ISA with the Dutch ethical bank Triodos, whose UK HQ is in my Bristol West constituency.
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