A high Treasury minister has stated it's “right” that NatWest’s CEO has lastly give up after a month of scandal over the political closure of Nigel Farage’s Coutts checking account.

Dame Alison Rose resigned from her place within the early hours, after admitting she had been the BBC’s supply behind an inaccurate story about Mr Farage’s account being closed for industrial causes.

At 2am, NatWest’s chairman Sir Howard Davies stated: “The Board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group. It is a sad moment.”

Dame Alison thanked her colleagues “for all that they have done”, including: "I remain immensely proud of the progress the bank has made in supporting people, families and business across the UK, and building the foundations for sustainable growth.”

This morning, city minister Andrew Griffith said it is “right” she resigned.

Mr Griffith added: “This would never have happened if NatWest had not taken it upon itself to withdraw a bank account due to someone’s lawful political views.

"That was and is all the time unacceptable.

“I hope the entire monetary sector learns from this incident. Its position is to serve clients nicely and pretty - to not inform them how or what to suppose.”

Fellow Tory MP David Jones agreed that her resignation was the “right thing to do, albeit very belated”.

He stated: “The next question is: what will the NatWest board do?

"Only yesterday they were declaring full confidence in her. How can they expect customers, shareholders and the taxpayer to retain confidence in them?”

Tory deputy chairman Lee Anderson backed her transfer, saying: “A cashier at the local post office would've be sacked for this.

“A boss of a bank should know better.”

The Labour Party is but to subject any assertion on the occasions.