Patrick Mountain, the investor in Somerset who founded the Alliance & Leicester Action Group, said yesterday: "This is a real landmark. Having only recently said we have pounds 50m pledged for withdrawal, it's taken under a week to reach the pounds 100m mark."
Alliance & Leicester has dismissed the protest, likening the amount of funds that may be withdrawn to a drop in the ocean compared with pounds 23.4bn of assets. However, Mr Mountain said that asset figure was not the full story.
"Whether it likes it or not, it will have grave liquidity problems once our members act."Reuse content