Not only can they close an account, they can easily have every other bank, building society, financial provider or utility refuse or end service to you as well. From what Nigel Farage described as happened to him, he will be deemed a risk based on his political stance and CIFAS markers can be added to any name and address in order to do the same thing for up to six years. Which ultimately means you can't even open a basic bank account, can't work, can't pay for utilities or your home if you don't outright own it because they're going increasingly cashless or function in society. All because you have differing viewpoints or criticised a bank or building society.
To be fair, the Chinese social credit system, while extraordinarily bad because it's like 1984, mostly targets bad behavior and rewards good behavior. The Western social credit system rewards bad behavior and punishes good behavior.
The West is just Chinese-type repression, but without the competent governance, reason and accountability.
With the forthcoming obesity strategies that the west will be rolling out this decade, I can see tackling obesity in society as one of the ways states will get commentators and the public, including those who were anti-lockdown and anti-vaccine mandate, to support a social credit system.
Not only can they close an account, they can easily have every other bank, building society, financial provider or utility refuse or end service to you as well. From what Nigel Farage described as happened to him, he will be deemed a risk based on his political stance and CIFAS markers can be added to any name and address in order to do the same thing for up to six years. Which ultimately means you can't even open a basic bank account, can't work, can't pay for utilities or your home if you don't outright own it because they're going increasingly cashless or function in society. All because you have differing viewpoints or criticised a bank or building society.
Chinese Social Credit Scores are on The Right Side of History!
WARNING: CONTROVERSIAL COMMENT INCOMING
To be fair, the Chinese social credit system, while extraordinarily bad because it's like 1984, mostly targets bad behavior and rewards good behavior. The Western social credit system rewards bad behavior and punishes good behavior.
The West is just Chinese-type repression, but without the competent governance, reason and accountability.
With the forthcoming obesity strategies that the west will be rolling out this decade, I can see tackling obesity in society as one of the ways states will get commentators and the public, including those who were anti-lockdown and anti-vaccine mandate, to support a social credit system.
I doubt that very much. There are too many vested interests in obesity for anything serious let alone draconian to be done about obesity.