TrotsApp favourite The Canary has immediately suspended all operations after it claims to have been ‘debanked’ by both Lloyds and Metro:
“[We] been left with no responsible alternative but to suspend the Canary’s operations with immediate effect.
“This is not a decision we have taken lightly, nor is it a decision caused by any failure of the Canary or its leadership. It is the direct consequence of the debanking of the Canary’s funds, the resulting financial disruption, and the serious internal consequences that followed.”
The site also admits staff have “experienced delays in receiving their wages” since June. The Guardian reported on Friday that the £2 million injected by UsedCarsNI.com co-founder Cecil Hetherington was allegedly dwindling thanks to frivolous spending. Canary in the coal mine…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”