Barclays: Don't close vital money transfer services
Barclays Bank have recently decided to withdraw the accounts it holds for UK money-transfer firms, something which will negatively affect thousands of people and businesses across the UK. The decision will also impact the wider international community, because this vital function allows money-transfer firms to send remittances from the UK to the places like the Indian subcontinent and Africa. According to the World Bank, recorded remittances from the UK totalled a $3.2billion in 2011.
We urgeBarclays Bank to reconsider this decision immediately given the damage it will cause to the struggling UK economy, the developing world and to local businesses and jobs across the UK.