Nigel Farage pledges league desk of worst-offending banks for account closures

Aug 01, 2023 at 2:01 PM
Nigel Farage pledges league desk of worst-offending banks for account closures

Nigel Farage has mentioned he’ll publish a ‘league table’ of the worst-offending banks after rallying folks whose accounts have additionally been closed to come back ahead.

Mr Farage launched the Account Closed marketing campaign this weekend, asking those that’ve additionally been affected by heartless banks to share their story.

He mentioned there was a “truly overwhelming response” to the launch in simply 48 hours.

The Brexit supremo mentioned “thousands” have come ahead to say they’ve been affected, proving his personal therapy is a part of a “wider problem, which this campaign is now unearthing”.

He says the information is “comprehensive”: “In the coming weeks we will put together a league table of the worst offending banks and the reasons why”.

“Too many of the individual cases of mistreatment are deeply troubling. I am pleased to say that serious offers of help are coming forward from industry professionals.

“We have only scratched the surface of this scandal and it is getting bigger and bigger by the day.”

Mr Farage concludes by promising his purpose is to “give a voice to these victims”.

The Account Closed marketing campaign was shaped by a gaggle of authorized and monetary professionals final week, with the web site saying they’re “driven by a genuine desire to empower and protect the rights of those who have been wronged by powerful institutions”.

Mr Farage’s very public battle with Coutts and Natwest over the previous 4 weeks led to the resignations of each establishments’ CEOs.

The Prime Minister and Chancellor rowing in behind their political opponent ultimately made it untenable for NatWest’s CEO, Dame Alison Rose, to remain in her put up.

The new interim CEO of the highly effective financial institution, Sir Howard Davies, has mentioned Dame Alison’s resignation was a “rational decision”.

“The reaction, the political reaction to that, was such that Alison and I then concluded, and the board supported the view, that her position was then untenable.

“She would be running the bank in the face of very difficult headwinds, and therefore we made a different decision.”

Mr Farage has mentioned the scandal of checking account closures is each political, and affecting these working small money companies.

Speaking to GB News on Sunday, he accused banks of treating the native window cleaner like a “front for a Columbian drug gang”.

He accused banks of “trying to drive cash out of the economy”.

“Any payment that comes into your account that’s unusual can lead to suspension. Say you’ve sold a motorbike to a French motorbike collector and a payment comes in from a French account, alarm bells go off.

“We’re frankly treating the local window cleaner as if he could be a front for a Colombian drug gang. For every one pound of laundered money recovered in the system, it costs £100 to process it.

“Government and Parliament need to go through the legislation. It simply isn’t working, it’s not just ruining lives in Britain, it’s damaging business in Britain.”