Former minister Sir Jacob Rees-Mogg is pushing for a new law that will make it more difficult for banks to shut down people’s accounts.
It comes amid ongoing suspicion that banks have been closing customers’ accounts over their political exposure or views.
Mr. Rees-Mogg, a Conservative MP and GB News presenter, told The Telegraph that while banks have the right to block accounts, “they are doing this in far too many cases.”
With the declining of cash, an individual without a bank account is effectively a “non-citizen” or a “non-person,” he said.
According to the report, Mr. Rees-Mogg will propose an amendment to the Digital Markets Bill, that aims to stop banks from discriminating against clients….