Nigel Farage criticizes Coutts Bank in wake of debanking scandal review

British BREXIT leader Nigel Farage has recently made the announcement that his accounts in UK banks have been shut down without any explanation. He has expressed his intentions to take legal action against British Bank NatWest and the bank’s former chief executive, Dame Alison Rose.

Farage shared his frustration on Twitter, stating that the establishment is attempting to force him out of the UK by closing his bank accounts. He mentioned that he has not been provided with any explanation or recourse as to why this is happening to him, and he sees it as a serious case of political persecution. This act has led him to consider the possibility that if they can do this to him, they could potentially do it to anyone.

In a recent tweet, Farage emphasized that NatWest must be held accountable for their actions. The closure of his bank accounts has been a matter of grave concern for him, prompting him to seek legal action and demand justice for the unfair treatment he has received.

Following these events, an independent review was conducted, revealing that NatWest Group’s private bank Coutts did not close customer accounts based on their political views. However, the review did find that the bank may have breached rules by failing to give due notice or explain the reasons for the account closures.

The report, compiled by external lawyers hired by NatWest after a dispute with Farage, stated that there was no evidence of discrimination in any of the exit cases, including no evidence of an account being shut down due to their political views or party-political affiliations. This contradicts Farage’s claims and adds a new dimension to the controversy.

NatWest was compelled to issue an apology to Farage after the release of a bank report that suggested he was not “inclusive enough” and was holding “Thatcherite beliefs” as reasons for the account closures. The UK Treasury also got involved and criticized unfair banking practices based on political beliefs, announcing that UK banks will be subject to “stricter rules” over closing customers’ accounts to protect freedom of speech in the country.

Speaking with Camilla Tominey on GB News, Farage dismissed the review and alleged that law firm Travers Smith had a political bias. He believed that the subject access request clearly mentioned that he “did not align with the values of the bank,” indicating the bank’s bias towards his political beliefs.

The situation has sparked a national debate on the issue of banks targeting customers based on their political views, and it has brought into question the integrity of the banking system in the UK. This controversy has raised concerns about the protection of freedom of speech and the potential for political bias in the financial sector.

As the legal process unfolds and the public scrutiny continues, the case of Farage’s accounts being closed by UK banks remains a topic of great interest and concern for many.

Share:

Related News