The left‑wing outlet The Canary is grappling with a severe cash crisis after a bank suddenly blocked access to its accounts, leaving staff uncertain whether the organization will survive beyond 2024. Founded in 2015 amid the surge of support for Jeremy Corbyn, the publication had recently received a multimillion‑pound investment that was meant to fuel expansion, but internal allegations of financial mismanagement and turmoil now threaten that growth. Workers fear that the combination of blocked funds and mounting internal disputes could force the outlet to shut down, raising concerns about the future of independent progressive journalism in the UK.
Outlet faced significant financial challenges after it had funds blocked by bank without explanationWorkers at the leftwing news outlet the Canary fear it will not survive beyond this year amid access to funds being blocked and allegations of financial mismanagement and internal turmoil.The site, which was founded in 2015 against a backdrop of the wave of support for the then Labour leader, Jeremy Corbyn, appeared set to expand after a multimillion-pound injection of funds last year. Continue reading...
