Latest News

Farage tackles unjust bank account closures with new website


Farage tackles unjust bank account closures with new website By Proactive Investors

Breaking News


Current Affairs

Published Jul 31, 2023 08:14
Updated Jul 31, 2023 08:40

© Reuters. Farage tackles unjust bank account closures with new website

Proactive Investors – Nigel Farage has launched his own website to help people who have also suffered “unjust treatment” from banks after the closure of his Coutts account led to the departure of NatWest Group PLC (LON:NWG) boss Alison Rose last week., a website focused on campaigning in support of individuals and small businesses who have had their accounts shut unfairly, was launched via the former Ukip leader’s Twitter where he posted a video tackling the issue.

He said: “Most people who have this happen to them feel helpless. There’s no one to speak for them… I think what’s emerging is a major national scandal. You can’t live without a bank account in the 21st Century.”

Current law in the UK states that every person holds the right to have a bank account that can make and receive payments and cannot be discriminated against because of political views, religion, age, gender or ethnicity.

Farage’s Coutts account was closed in early June with no explanation at the time, weeks later he obtained a report which indicated his political stance had been a factor in the decision to close the account.

Alison Rose, chief executive officer of Coutts-owner NatWest, quit last week after she admitted to speaking with a BBC journalist in which she falsely claimed Farage’s account closure was purely a commercial decision.

Peter Flavel, boss of the private bank for the wealthy, also quit.

NatWest chairman Howard Davies said he would remain in his role at the bank despite calls for his departure.

Shares in NatWest are trading less than 1% higher on Monday having opened at just over 246p.

Read more on Proactive Investors UK


Farage tackles unjust bank account closures with new website

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2023 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Pound to Dollar Week Ahead Forecast: Balanced Risks from 1.2850

Previous article

Forget China, The Hot Money in Mining Is Suddenly Saudi

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News