What is in Kelvin's Head?

On being bought and sold

19/07/2012

I happen to bank with Lloyds TSB and am just learning that the bank accounts that I hold with them are going to be transferred to the Co-operative when the various Lloyds TSB branches are sold, something that has just been announced this morning.

I have to say I’m delighted. I’d rather bank with the Co-op – it fits in with my values much better than the banks I’m with. I joined the TSB when I was a student because it was at that stage thought to be a socially responsible institution (and in a rather more shallow way, because it had the prettiest branch interior in town).

What I can’t work out is why I’ve not changed before now. It seems so much easier to be bought and sold than to walk into a branch and close one’s accounts. That makes no sense whatsoever.

They say that people are more likely to change their religion, change their partner or change their political allegiance than to change their bank account. I know that I’ve been reluctant to shift, but can’t really work out why. That reluctance on the part of so many of us to shift banks must have contributed to the moral stagnation that is currently to be found in the UK banking system. If we were all a bit more active about it, things might be better.

It is interesting to reflect that I’ve often been asked in church to buy fair trade bananas or such like but I struggle to remember much of a campaign to get me to change my bank. There have been consistent calls for ethical investment to be used by churches themselves and one of the struggles for congregations as well as national churches has been the lack of choice. There simply have not been very accessible branches of banks which seemed to offer more ethical alternatives.

I hope that by the sale of the Lloyds-TSB banks to the Co, those choices will be increased and that there will be a competition not simply for our money but for our values and morals too.

There is a campaign to get people to move their money. I feel a complete fraud in even linking to it having not movedmymoney.org at all. However, I’m glad to hear about the changes that are ahead and for once am happy to be bought and sold.

What’s your excuse?

banks, co-operative, lloyds tsb

8 responses to “Mitre over the parapet moments”

Kimberly

11/04/2008

Thanks for linking +David’s post. I’d read it, and the first few comments, but missed that later discussion. It represents a new level of blog dialogue in the SEC, I think.

Reply
Rev Ruth

12/04/2008

Who’ll be next, do you think?

Reply
Anonymous

12/04/2008

Thanks for the episcopal summary – I take back my previous criticisms about the bishops. They are being rather splendidly thoughtful at the moment. As was Archbish Sentamu on Radio 4’s question time 🙂

Reply
bishop david

12/04/2008

Kelvin – thanks for your linking and attention-drawing activities. It’s hard not to be aware that there is a common thread linking all of those ‘over the parapet’ contributions – which is that the tone of recent contributions from our Catholic colleagues has been unfortunate. But now that we seem to have some momentum, I hope we can move on to be a bit more successful at shaping an agenda rather than simply responding to others.

Reply
Duncan

14/04/2008

What’s the clergy equivalent of a mitre over the parapet?

A biretta over the altar?

Reply
Stewart

14/04/2008

…only when it is snowing!!

Reply
kelvin

15/04/2008

I can see snow on Cruachan. Birettas may be worn.

(See number 79 of my 100 things if you’ve no idea what Stewart is alluding to).

Reply
Phil

21/04/2008

I am afraid the discussion with +David on his blog came to a sad end….have another look!

Reply