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

9 responses to “Biobank – an ethical question”

Rev Ruth

25/10/2007

I’ve been asked too. And I got so excited – you know how I love all things medical. My mind had already raced off into the realms of them finding that I had some mysterious disease… But now that you put it like that, I guess I’d better give it some more thought.

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Raspberry Rabbit

25/10/2007

I haven’t been asked. Radical foreign clerics must not be on the list.

I’d be hesitant to do it anyway. Too much information is being stored about us in anticipation of the day when it might prove useful. Best to keep your head down.

RR

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Tim

25/10/2007

Eeek. I saw the phrase “Do you want to do something good today? Not just for yourself, but for our children and our children’s children?” near the top of the page and instantly the thought occurred, “what’s the potential cost? Where are the privacy controls?” Not as though anyone’s asked me anyway, but that sort of thing worries me from the outset too.

A little more investigation shows http://www.ukbiobank.ac.uk/faqs/confidentiality.php , particularly #5 etc; it seems too vague, just a gloss to placate the masses. I don’t want `computers unconnected to the internet’; I’d want a guarantee that they never will be, that no floppy disks or other methods will result in data coming off them, and that they’re well secured in a bunker somewhere.

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chris

25/10/2007

We’re involved. My sister-in-law first; she asked my husband; we discussed it and decided the potential for knowledge and research into – for example – the hereditary factor in clinical depression – made it something we wanted to do. Our sons have also expressed a willingness to participate. I personally don’t care about what happens to my DNA (other than its continuation in my family!) and if some good can come out of it then that’s just fine. I trust scientists every bit as much (or as little) as I trust anyone else.

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asphodeline

25/10/2007

Have you seen Heroes???? Sounds like a sneaky plot to find more 🙂

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kelvin

25/10/2007

I have not seen Heroes. Is it about eugenics?

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asphodeline

26/10/2007

Ah. It has a hint of eugenics. Part of the plotline involves some form of research into the DNA of people with supernatural powers!

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kelvin

26/10/2007

Ah, I see why you associated it with me.

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Andrew

19/03/2008

My wife I also each received one of the so called invitations today, my first reaction was anger over the wording of the invitation which by telling me I have a “provisional appointment” assuming I am gullible enough to fall for the use of false authority syndrome.

I am really concerned a lot of less literate people will not fully understand the “invitation” and assume it something they have to do.

What really makes my blood boil is the that even if you don’t want to take part you have to reply to get your name removed from the records, this raises real civil liberties issues.

The thing is if I had been asked to participate in I a nice way I would have been very keen to do so, however the whole tone of the letter stinks of authoritarianism and reminds me of the kind of thing the Nazis were doing in the mid 1930s.

If you get one of these invitation say no and tell them why — or better still rip it up.

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