Socialist Worker

Bankers' 'poll tax'

Issue No. 1674

MANY OF Britain's major banks met in Harrogate on Tuesday to discuss plans to fleece people even more than they already do. Barclays was pushing for the banks in the Link network to charge people to withdraw cash from hole in the wall cash machines. People could have to pay a flat rate charge of between £1 and £2.50 simply for taking their own money out.

The only reason for the charge is to further boost bank profits. Barclays is on course for annual profits of £3.5 billion this year. HSBC made over £4 billion profit last year. Their plan is also a 'poll tax in the wall'. Someone taking out £10 will have to pay the same as a corrupt politician taking out £2,000 to pay someone off.

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Sat 27 Nov 1999, 00:00 GMT
Issue No. 1674
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