Nigel Farage suggests ex-NatWest boss needs to be stripped of title

Nigel Farage has recommended former NatWest boss Dame Alison Rose needs to be stripped of her title.

The former Ukip and Brexit Party chief made the remark after it emerged she is ready to obtain a £2.4million pay package deal a month after she resigned in shame from the banking group.

But Mr Farage as a substitute recommended Dame Alison and NatWest chairman Sir Howard Davies, who clung on as NatWest chairman, ought to lose their honours.

He highlighted how former Royal Bank of Scotland boss Fred Goodwin had his knighthood eliminated after he was closely criticised over his position within the financial institution’s near-collapse in 2008.

Mr Farage mentioned: “Instead of a £2.4m leaving present, I seriously question whether Dame Alison and Sir Howard should keep their titles. Fred the Shred, who was formerly boss of the same banking group, lost his knighthood for less.”

Dame Alison stepped down in July following the row over the closure of Mr Farage’s account with Coutts, which is owned by NatWest.

She resigned after admitting to being the supply of an inaccurate BBC story suggesting the Brexiteer fell beneath the wealth restrict for the distinguished non-public financial institution.

Ms Rose, who was NatWest’s chief government officer for 4 years, is presently seeing out her 12-month discover interval.

On Wednesday, the corporate mentioned it’s going to pay her £1.155million in wage for the 12 months, £1.155million in NatWest shares – which she is going to obtain over a five-year interval – and £115,566 in pension funds. The pay deal totals round £2.43million.

Ms Rose may be in line for variable funds, akin to performance-related bonuses.

The agency has mentioned it’s going to proceed to overview her deliberate pay and bonus payouts in relation to ongoing investigations into her actions surrounding a row over Mr Farage’s account, which was partly shut for political causes.

The GB News presenter yesterday branded the payout a “sick joke”.

He mentioned: “Surely, you cannot breach client confidentiality, you can’t break virtually every important rule in the FCA (Financial Conduct Authority) code-book and can’t then lie about it after you have briefed the BBC, and still receive a £2.43million payout. Yet, that is exactly what has happened to Alison Rose.”