Ethical Banks (was Ethnic Banks)

margaretclare

cheerfulcat wrote:

So it's OK for the parent company to make the donation? Not arguing, just asking.

The Co-operative Party, AFAIK, is a political party. It does what it wants to do according to its principles. What I wouldn't want is donations made from the profits the bank makes from my accounts. I can't be the only person who feels this way, surely? What about Conservative supporters, who might like Smile as a bank, but wouldn't want to donate to the Labour Party either?

Margaret Clare

cheerfulcat

" The Co-operative Party is a relatively small political party, the largest socialist party operating in the United Kingdom after the Labour Party. It does not stand candidates itself, but its candidates stand jointly with Labour as " Labour and Co-operative Party " candidates, and it may therefore be seen as a faction within the Labour Party.The majority of the party’s income comes from grants made by the retail co-operative societies, and from fees received for managing the political affairs of Co-operatives UK, formerly known as the Co-operative Union. The Party is organised around the basic trading units of the major local retail society, which provides the majority of funding for local Party Councils."

from Wikipedia.

masonic

margaretclare wrote:

What I wouldn't want is donations made from the profits the bank makes from my accounts.

Presumably, those donations are funded from any and all money the Co-operative Society has access to, unless I am missing something.

isasmurf

This thread went a bit OT, so I moved the posts discussing ethnicity here