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Have you ever closed a current account or savings account for ethical reasons?

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  • Mee
    Mee Posts: 1,507 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 27 July at 9:45PM
    Mee said:
    GeoffTF said:
    Mee said:
    Thanks for all the comments - lots to think about.
    I don't expect any bank to miss my custom, but I think I will sleep easier at night. What I've done in both cases is email the CEOs to indicate I'm aware of what their UK or US arm has done, like withdraw from Net Zero Bank Alliance, and that it will influence my decision to reinvest or renew any savings product, i.e. I'm slowly divesting.
    Your mattress will be pleased.
    My mattress has a conscience too...
    Mine hasn't as it's never complained about me lying.
    I didn't see that pun coming.
     I can't disagree with someone using one of the best ever police series as a username.
    Second to Homicide Life on the Streets and NYPD Blue.
    Free thinker.:cool:
  • Nasqueron
    Nasqueron Posts: 10,971 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Funnily enough there was a post I saw on Reddit at the weekend about one of the workplace pension schemes and complaining to them about investing in Elbit (Israeli weapons firm). It's a tough one really as I had a lot in sustainable funds but given the Golf Cheat is in power, switching to funds that invest in weapons, oil/gas etc is the profitable, if not ethical, way to go

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Mee
    Mee Posts: 1,507 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Nasqueron said:
    Funnily enough there was a post I saw on Reddit at the weekend about one of the workplace pension schemes and complaining to them about investing in Elbit (Israeli weapons firm). It's a tough one really as I had a lot in sustainable funds but given the Golf Cheat is in power, switching to funds that invest in weapons, oil/gas etc is the profitable, if not ethical, way to go
    I have to admit when I heard of the EU's  €150 billion arms fund (SAFE) I saw £ signs, but that is all.🤑
    Free thinker.:cool:
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