A Better Bail-Out #1: Break up with Barclays

The new campaign Move Your Money comes with its first big event:

A Better Bail-Out #1: Break up with Barclays 

(Facebook Event)

On 10th Feb Bob Diamond and his pals will announce how many millions they wish to award themselves in bonuses this year. The pool is expected to top £1 billion.

On the 10th February be outside a Barclays branch ready to Move Your Money.

Barclays ticks every box for a failed model of banking. Since the banking crisis Barclays has continued to pay executives annual bonuses of tens of millions, and to decrease lending to the small businesses they had promised to support. Of all the big banks, Barclays receives the most complaints from the public to the UK Financial Services Authority.

Abroad, Barclays invests in the arms trade including the manufacture of deadly illegal cluster munitions and depleted uranium. It has regularly been accused of large scale money laundering. Barclays supports oppressive regimes such as Mugabe’s Zimbabwe, and is estimated to avoid between £800 million and £1billion in tax every year. In early 2012 it won the annual World Development Movement “Shame” award for food speculation: making hundreds of millions of pounds from betting on food prices and pushing millions into poverty and malnutrition. Phew.

This year, don’t let them gamble with your money.

Whether it’s shutting your account for good or signing a letter of complaint to Barclays, come and join the ‘Better Bail-Out’ and get your money out of Barclays, and into something better. Together, we have the power to change British banking for the better. Move Your Money!

How to info: http://bit.ly/xhjuaB

London 8.30am

Barclays branch,

56 Southampton Row,

London, WC1B 4NB

(Can’t make it to London? Why not organise your own Better Bail-out from Big Bad Barclays outside your local branch?)

Read more about why, where and how to move your money on Move Your Money UK website.