State possibly grabbing our money

[Justpassingtime1]

With the current economic crisis it has been muted by some economists
that the govt could just raid our bank accounts.
They passed a law to be able to do this some time ago.
The economists who forecast this possibility have also correctly
forecast other things such as near negative interest rates, people
using less cash and a no-deal Brexit.

They did it in Cyprus not so long ago. It's not impossible!

What exactly does the law say about taking money from our bank accounts?

You mean ‘mooted’. Sources for any of this?

Can you please tell me which economists?
Do you mean dormant accounts get raided?

When it happened in Cyprus in 2013 everyone who had a bank account with any of the countries banks had a percentage of that money seized to prop up the economy after it crashed. My friends retired mum had returned to the Uk after finding her husband dead on her living room floor and was staying on my friends sofa. She'd had an offer accepted on a new home but the sale of her Cypriot one had a few days delay in the money going in her account and it just so happened to go in on the day they took the monies and she had 40% snatched from it before it could be transferred over to pay for the new home. It was active accounts not just dormant ones

If they raid mine it wouldn’t do them a lot of good.

South bank Research/Capital and Conflict is their main publication.
This is where I got this info.
Naturally one has to be aware that the above will be looking for people
to remove cash and invest .
I am trying to find the Act of parliament. Hang on
Yes state did grab people's money in Cyprus

I think this is ridiculous scaremongering; Britain may not be what it once was, but it's hardly on a par with Cyprus

Bearing in mind the BoE can print its own money then why on earth would they want to do this.

To correct the story regarding Cyprus, it was a tax levied on deposits and the depositors acquired bank stock equal to the amount they l
'lost' from the tax.

Be very aware of people and institutions that attempt to sell you an idea or product based on fear.