A considerable scandal broke out in the UK under the previous government over a practice dubbed, “debanking” – which saw various public, but not only, figures cut off from financial services as a way of punishing them for their political views.

That also faced a considerable backlash, but the Labor government that took over earlier in the year doesn’t seem to be willing to give up on the core postulates: it appears to be just trying to go about achieving the same end goal in a more “subtle” manner.

The policy is this: give banks spying powers over everybody, but call that a requirement for banks and financial institutions to “share data that may show indications of potential benefit overpayments.”

In order to achieve the stated goal, the whole population’s bank accounts are likely to be monitored.

So one can think of this as the financial sector version of the “online age verification” push. In that scenario everybody (“the whole population”) loses their right to anonymity for no good reason – but a reason, nonetheless. Opponents say it’s to surveil and control as many people, in as many ways possible, at one time.

The UK government naturally keeps its messaging on this legislative initiative as “clean” as possible – it’s to crack down on fraud in the social security system, they say.

Remember what it’s called, because it is sure to crop up in the future, and not in a good way: “Fraud, Error and Debt Bill.”

The government plays not only on people’s natural aversion to fraud but also on sensibilities around spending taxpayer money – the sponsors promise not to waste £1.6 billion ($2.1 billion) of public money over the next five years, just thanks to this bill.

But, to get there, they need to “extend and modernize DWP (Department for Work and Pensions) powers.”

Like this: “Better investigate suspected fraud and new powers of search and seizure so DWP can take greater control investigations into criminal gangs defrauding the taxpayer. (…) Require banks and financial institutions to share data that may show indications of potential benefit overpayments.”

Hold the phone, rights groups are basically saying at this point. And then some are blasting this as (PM) Keir Starmer’s “benefits bank spying plans.”

“A financial snoopers’ charter targeted to automate suspicion of our country’s poorest is intrusive, unjustified, and risks Horizon-style injustice on a mass scale,” said Big Brother Watch, adding that his was “an assault on the presumption of innocence.”