Natwest boss Alison Rose pockets £2.4m payout after quitting over Farage scandal

Nigel Farage has reacted with outrage after it was confirmed Dame Alison Rose is departing Natwest financial institution with a golden handshake of £2.4 million.

Dame Alison was pressured to give up after a month of scandal round Mr Farage being debanked as a buyer of Coutts over his political beliefs.

She is at the moment figuring out her 12-month discover interval on the group.

NatWest is conserving her deliberate pay below evaluate as investigations into the scandal proceed.

Reacting to the breaking news, Mr Farage mentioned: “When I heard the news I thought perhaps it was a sick joke”.

“Surely you can’t breach shopper confidentiality, you can’t break just about each vital rule within the FCA codebook and you’ll’t then lie about it after you’ve got briefed the BBC, and nonetheless obtain a £2.43 million payout.”

“And yet that’s exactly what’s happened to Alison Rose!

“The so-called inquiry into what she did has been kicked into the lengthy grass, and Sir Howard Davis – chairman of the Natwest Gourp – appears pleased about that.

“This is the corrupt British establishment looking after its own. It’s the corrupt British establishment at its very very worse.

He concluded: “The complete factor is a sick joke”.

It had previously been speculated that Dame Alison could be in line for an even larger £5 million payout, with a former FTSE 100 chairman telling the Express: “If she resigns, she will probably be paid her discover interval which might be not less than 12 months and doubtless price £5million”.

The bank refused to comment on the allegations when contacted by the Express, though Times sources suggested NatWest “would look to limit her remuneration”.

Mr Farage said: “She should not be getting a payoff at all. She has breached the most basic rule of banking and brought the NatWest group into disrepute. It’s a reward for failure.”

Dame Alison was also sacked from two major Government advisory roles after Rishi Sunak and Jeremy Hunt made clear they couldn’t support her amid the row.

Dame Alison Rose had been appointed to an Energy Efficiency Taskforce within the Net Zero department in February and as a member of the PM’s Business Council in July.

At the time a Downing Street source said Rishi Sunak had been “involved in regards to the unfolding scenario”, and confirmed the Prime Minister believes Dame Alison did “the proper factor in resigning”.

Mr Farage additionally secured the resignation of Coutts CEO Peter Flavel, who was equally pressured out for his function within the debunking row.

It just isn’t but identified what Mr Flavel’s pay out will probably be.