Nigel Farage says Coutts provides to reinstate his accounts amid de-banking row

Jul 31, 2023 at 8:50 PM

igel Farage mentioned Coutts has supplied to reinstate his private and enterprise accounts, with the previous Ukip chief additionally looking for compensation from the non-public financial institution.

Mr Farage mentioned the “fight goes on” as he outlined his need for a face-to-face assembly with the financial institution’s bosses in a bid to know what number of different individuals have been affected by account closures.

The former MEP mentioned his checking account was unfairly shut down by Coutts, owned by NatWest Group, as a result of it didn’t agree along with his political beliefs.

I need to learn the way many different individuals in Coutts or NatWest have had accounts closed due to their political views, and I need to be sure this by no means occurs to anyone else ever once more.

NatWest has since introduced an impartial evaluate, with attorneys probing the closure of Mr Farage’s account and different situations of de-banking by Coutts.

Mr Farage, talking on his GB News programme, mentioned: “The new CEO of Coutts, Mo Syed, somebody who has held very senior positions within that bank, is now the boss and he has written to me to say I can keep both my personal and my business accounts.

“And that’s good and I thank him for it.”

But Mr Farage mentioned “enormous harm” has been executed to him in the previous few months.

He added: “It has taken up a huge amount of my time and it has cost me, so far, quite a lot of money in legal fees so I have today sent a legal litigation letter to Coutts where I want some full apologies, I want some compensation for my costs, but – more important than all of that – I want a face-to-face meeting with the bank’s bosses.