Withdraw Barclays' Banking Licence
Responsible department: Her Majesty's Treasury
Within a capitalist economy banks
perform a vital function in facilitating the production and exchange of
goods and services. In return for fulfilling this role responsibly they
are allowed to hold a banking licences, which brings them great benefits
in terms of the ability to create money through making loans. The
systematic manipulation of the LIBOR value to serve its business
interests makes clear that Barclays is not a fit company to hold a
banking licence. We call upon the government to withdraw Barclays
banking licence.
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