Politicians in the UK are concerned about the effects of ‘debanking’ on the country’s security and economic prosperity. UK lenders Santander and Lloyds closed 300 accounts belonging to “public administration and defence” companies last year alone, according to information given to the Treasury Select Committee. In a letter featured in the Telegraph newspaper on Wednesday, the Conservative Member of Parliament (MP) Harriett Baldwin warned against the effects of ‘debanking’ on SMEs, pawnbrokers and defence firms. Some lenders retract their services because they are worried about the ethical impl…