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Nigel Farage’s Coutts Account Closed as Bank Felt He Did Not “Align With Their Values”

by Will Jones
18 July 2023 6:47 PM

Nigel Farage’s bank accounts were closed down after Coutts, a company 39%-owned by the taxpayer, decided his views “do not align with our values”, documents obtained by the former UKIP leader show. The Telegraph has the story.

A reputational risk committee ‘exited’ him after considering a dossier detailing Mr. Farage’s comments about Brexit, his friendship with Donald Trump and his views on LGBT rights among many reasons he was not “compatible with Coutts”.

The background briefing paper even made reference to Mr. Farage’s friendship with Novak Djokovic, the former Wimbledon champion, as evidence that he was not as “inclusive” as the bank.

Earlier this month, the BBC and the Financial Times reported claims that the reason Mr. Farage’s accounts were closed was that they fell below the financial threshold required by the bank. The BBC quoted sources “familiar with” the Coutts decision.

Yet in the 40 pages of documents released to Mr. Farage after he made a subject access request to Coutts, the bank repeatedly says he “meets the EC [economic contribution] criteria for commercial retention”.

Writing in the Telegraph, Mr Farage accuses the private bank of “lying” about the real reason he was cut off, saying the documents show that the decision was politically-driven.

He describes the file as a “Stasi-style surveillance report” and notes that the word Brexit appears in the report 86 times – which, he says, “perhaps tells us all we need to know”.

“Between 2014 and 2016, when I first banked with Coutts, no problems ever arose. After Brexit became a reality, everything changed,” he writes.

Minutes of a meeting of Coutts’ Wealth Reputational Risk Committee held on November 17th 2022 state: “The Committee did not think continuing to bank NF was compatible with Coutts given his publicly-stated views that were at odds with our position as an inclusive organisation. This was not a political decision but one centred around inclusivity and purpose.”

Mr. Farage has said Coutts told him he was not being treated as a Politically Exposed Person (PEP) – a legal term for customers who are deemed risky for political reasons – but the dossier specifically states that he is one.

Mr. Farage writes: “Whoever at Coutts thought it clever to feed friendly media outlets outright lies about me sorely misjudged the situation.”

The document contains 39 mentions of Donald Trump, and Mr. Farage said: “The fact that I support Donald Trump is part of this charge sheet.”

It says he is seen as “xenophobic and racist”, repeats claims that he was a fascist in his schooldays, and says he said things in the past that are “distasteful and appear increasingly out of touch with wider society”.

Mr. Farage writes that the dossier “reads rather like a pre-trial brief drawn up by the prosecution in a case against a career criminal. Monthly press checks were made on me. My social media accounts were monitored. Anything considered ‘problematic’ was recorded. I was being watched”.

He is not the only Right-wing figure to have been denied banking facilities. Tory peers have disclosed that their children have been told they cannot have an account after banks made reference to their parentage, and dozens of other people have had accounts closed without explanation.

Mr. Farage writes: “This story is not just about me. You could be next. … if this situation is left unchecked, we will sleepwalk towards a China-style social credit system in which only those with the ‘correct’ views are allowed to fully participate in society.”

The Coutts committee decided to put him on a “glide path” to being ejected, with his personal and business accounts to be closed when his mortgage deal ended this year.

Mr. Farage now says he cannot get an account with any other bank, having been turned down by 10 banks since Coutts withdrew its services. 

Members of his family have also been refused accounts by other banks, and one family member was told his or her account was being closed.

Coutts, whose customers include members of the Royal family, is part of NatWest Group plc, which is 39% owned by the taxpayer following the Government bailout of the company in 2008.

Farage tweeted a video about the revelations, saying “I now have evidence Coutts lied to me”.

I now have evidence Coutts LIED to me.. 
 
In an explosive 40 page memo, “Brexit” is mentioned 86 times, “Russia” 144 & “PEP” 10. 
 
Support for Trump + views on immigration, net zero & the vaccine are listed as reasons to exit me.
 
They say my account is commercially viable! pic.twitter.com/QjPCuUetu3

— Nigel Farage (@Nigel_Farage) July 18, 2023

Worth reading in full.

Toby Young writes: “Not a political decision” – That‘s a very revealing comment and one you hear often from enforcers of woke dogma. Their ‘values’ and ‘purpose’ aren’t ‘political’. Oh no. They’re self-evidently morally correct and anyone who doesn’t share them is completely beyond the pale. I don’t think this is a deliberate sleight of hand. Rather, the way in which the woke mind virus spreads within an institution is that the infected aren’t aware they’re infected; they think they’re well and everyone who doesn’t agree with them is infected. It’s an ideology that is believed by its adherents to be non-ideological, thereby enabling them to enforce it without thinking they’re doing anything ‘political’ and without feeling any corresponding need to defend their actions.

Stop Press: Read about Dame Alison Rose, the first female executive of NatWest, who is responsible for steering the banking group towards saving the planet and embracing equity, diversity and inclusion.

Tags: BanksBrexitDebankingNigel FarageSocial Credit System

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40 Comments
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For a fist full of roubles
For a fist full of roubles
1 year ago

Oh well, as long as he says sorry, that is all right; as long as you apologise, hurty speech is permitted.Perhaps he ought to make that clear to the Met.

88
0
huxleypiggles
huxleypiggles
1 year ago

I would consider an “apology” from the Khant as a downright insult. What an appalling stain on humanity and the world this creature is.

97
-2
huxleypiggles
huxleypiggles
1 year ago

Off -T.

https://www.conservativewoman.co.uk/eco-terrorists-blight-on-the-countryside/

There is an eco nutter march in London coming up on Saturday 22nd June. I look forward to the Merry Met Mice bashing a few heads on the day.

Well, it’s something to look forward to.

Last edited 1 year ago by huxleypiggles
44
-3
Mogwai
Mogwai
1 year ago
Reply to  huxleypiggles

I don’t think we need to keep saying ”two-tier policing” because the jury’s in, it’s an undeniable fact now. More footage than you can shake a stick at. But here’s a short clip highlighting the contrast nevertheless. Shall we see how many police horses we can count tomorrow, when the hate marches hit the streets again? St George’s flag-bad, Palestinian/Jihad flag-good. It’s just how it is;

https://twitter.com/dannyroscoe7/status/1783206781734564264

55
-4
huxleypiggles
huxleypiggles
1 year ago
Reply to  Mogwai

Thanks for the link Mogs 👍

15
-4
Ron Smith
Ron Smith
1 year ago
Reply to  Mogwai

Someone mentioned the way to deal with Horses is marbles, this lady has some ideas:https://www.youtube.com/watch?v=SNiP-AXMMdY&t=600s

5
-4
Ron Smith
Ron Smith
1 year ago
Reply to  huxleypiggles

They won’t bash their heads, they await the ‘Far Right’.

6
0
Freddy Boy
Freddy Boy
1 year ago

Muslim sounding name 😂it couldn’t sound any more Muslim 🤪 + Mehdi Hasan !! Dear me , have a listen to an old clip of him blarting over some thousand year old misdemeanour involving He who can’t be named 😵‍💫

31
-2
varmint
varmint
1 year ago

So according to Khan’s way of thinking people only despise ULEZ because a Muslim implemented it.

41
0
bertieboy
bertieboy
1 year ago

An ‘apology’ – really?

Last edited 1 year ago by bertieboy
10
0
Dinger64
Dinger64
1 year ago

Apologise?

5
0
Dinger64
Dinger64
1 year ago

Sad dick will win! London is not English anymore….leave!

17
0
Dinger64
Dinger64
1 year ago

Sadiq Khan is totally venerated!

London is lost, live with it!

12
-1
Marque1
Marque1
1 year ago

Slimy little turd! Nothing more to add.

11
0

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