Bank chiefs have been summoned for a meeting with Treasury ministers to discuss how customers can be protected from “being de-banked” after Nigel Farage accused Coutts of closing his account due to his political views. The former UK Independence Party leader claimed earlier this month that the prestigious bank he had been with for over…
ANALYSIS: Is the De-banking Problem Solvable?
Coutts Bank’s 40-page dossier on Nigel Farage has shone a light on the nagging suspicion that banks may have been dropping customers over political views they have deemed unfavourable. The high-profile de-banking of the broadcaster and former UKIP and Brexit Party leader has led to an apology from the bank’s boss, and the Treasury has announced…
Coutts Apologises to Nigel Farage After Bank Account Closure
Natwest’s chief executive, owner of the prestigious bank Coutts, has apologised to Nigel Farage and has promised a full review of the bank’s processes after a dossier said that his views “were at odds with our position as an inclusive organisation.” On Thursday, Alison Rose, chief executive of NatWest Group, of which Coutts is part…
The Rise of Totalitarianism: Banks Denying Services Based on Political Views
Commentary When the Berlin Wall fell, I naively supposed that freedom was now secure, that never again would the spectre of totalitarianism return to Europe. I failed to take into account what I should have known, that the thirst for power is at least as great as that for freedom. Freedom and power are forever…
Peers Say Their Children Face Difficulties Getting Bank Accounts Over Parents’ Job
A number of peers have said their children were either denied a bank account or ran into trouble because of their parents’ political career. It comes after broadcaster and former Brexit Party leader Nigel Farage said his bank was shutting down his account and that he was denied an account by six or seven other…
Banks Must Not Close Accounts for Political Reasons, Says Government After Nigel Farage Row
UK banks must not close individuals’ accounts for political reasons, Rishi Sunak has warned in a row sparked by Nigel Farage. Last week, the British political leader Nigel Farage claimed that the bank he has been with for over 40 years has closed his bank account with “no explanation. The GB News presenter and former…
Nigel Farage Claims His Bank Account Has Been Closed With ‘No Explanation’
British political leader Nigel Farage has claimed that the bank he has been with for over 40 years has closed his bank account with “no explanation.” In a post on Twitter on Thursday, the GB News and former UKIP and Brexit Party leader said that his bank has closed all his accounts, claiming “political persecution.”…
Trump Gives Biden Royal Criticism for Skipping Historic Coronation
May 4, 2023
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Former president Donald Trump royally criticized President Joe Biden for skipping the historic coronation of the new British monarchs this weekend. During an exclusive interview with a British TV network during his visit to the U.K. on May 3, Trump took issue with Biden’s decision to forgo the May 6 ceremony in London, where 100…
Trump Takes Aim at Biden for Skipping Historic Coronation
May 4, 2023
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Former president Donald Trump royally criticized President Joe Biden for skipping the historic coronation of the new British monarchs this weekend. During an exclusive interview with a British TV network during his visit to the U.K. on May 3, Trump took issue with Biden’s decision to forgo the May 6 ceremony in London, where 100…
Reserve Banks Have Destroyed the ‘Culture of Thrift’: Nigel Farage
October 1, 2022
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British political leader Nigel Farage has warned that years of low interest rate lending has discouraged the younger generation from saving. He told The Epoch Times it was “astonishing” central banks have failed to recognise that years of cheap lending—particularly during the COVID-19 era—would eventually lead to the current wave of inflation that has gripped…
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