The DT headline news today is that Nigel Farage's bank, Coutts, unilaterally shut down his bank account with them, not, as they said originally because his assets fell below a minimum figure but because:
He doesn't align with our values He is seen as zenophobic and racist. He is considered by many to be a disingenuous grifter. Being associated with NF represents a material and ongoing reputaional risk to the bank
So now you know, we have a a new set of self-appointed censors in the land. Hold the wrong political views - and thats it, your bank account will be closed down.
And why should they stop at political views? Will the banks start closing the bank accounts of any one with contentious ethical or religious views, or because they are in the public eye for some aspect of their behaviour.
Will Huw Edwards, Philip Schofield, Katie Price, Prince Harry have their bank accounts closed down because the banks, who daily process millions, if not billions of £s for drug dealers, corrupt members of corrupt regimes, whose people starve while they stash £millions away in secret bank accounts, consider that the above named ^do not align with their values'
Who gave the banks, and when, the right to censor what we do and what we think and withdraw, that absolute essential of life today - a bank account - because someone's political or other views offend their delicate consciences?
Sorry MerylStreep, I didn't mean for your post to come up! Don't know how that happened, but couldn't delete, as unfortunately you can't on here.
Great post M0nica 👏👏👏. Exactly how I feel too.
No one is forced to bank at Coutts or shop at M and S , Amazon or anywhere else if you don’t like their values. Take your business elsewhere.
It’s amazing how many footballers who wore their rainbow bands with pride now forget their principles when it comes to taking the Saudi riyal
MerylStreep
Money makes the world go round, and footballers well, they like money and going round the world.
(Have a look at Bravissimo for bras, the one in Bond Street, Chelmsford has really helpful staff, once you find your size in their products the online service is very good)
vegansrock
No one is forced to bank at Coutts or shop at M and S , Amazon or anywhere else if you don’t like their values. Take your business elsewhere.
Other way round actually.
NF has banked with Coutts for over 40 years anyway.
Thank you for that GranyGravy
It seemed that he upset the banks woke agenda they objected to him liking and sharing a Rocky Gervais sketch about new women, and old fashioned women, the ones with a womb.
NF has had an apology from Coutts CEO.
Lyndie
NF has had an apology from Coutts CEO.
As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.
fancythat
Whitewavemark2
Yes - but this grubby little xenophobic, racist man will keep the story going for as long as he is in the spotlight.
Nothing will come of it - it is a non-story.
Has Farage appealed to the Ombudsman? Of course not.There will be closer scrutiny of banking practices.
Wwmk2 Non story???
Ombudsman? Wait and see
You cannot spread this rubbish anymore.
Even Alison Rose of Coutts couldnt find any thing and apologised
Like or hate NF, lies must be called out.
I'm very saddened and surprised at attitudes that up hold bias are being peddled and supported, in this country.
Nat West have apologised to Nigel Farage for mishandling his account and for offensive remarks they made about him. All that guff about him receiving Russian money has also been disproved although there will be some on here who still won’t accept that 😝
That is quite something and apparently there is now a FB page with 10,000 who have had their accounts closed.
I think there’s going to be a lot more to this story as thousands of people complain now.
If I were Farage I would sue them for every penny as well! There is a Financial journalist on TV just now saying NF has several options open to him now. 👏👏
MerylStreep
Lyndie
NF has had an apology from Coutts CEO.
As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.
According to the Telegraph, Dame Alison Rose, the chief executive of NatWest, has apologised to Nigel Farage over the mishandling of his account closure. His Coutts account won’t be reopened but she reiterated the offer of an account with NatWest.
The NatWest Account is only offered as a personal account not a Business Account.
Alison Rose was paid 5 .5 million this year. For what?
As I wrote on another thread if she had looked after the running of the bank, instead of making decisions about the character of their customers maybe she'd deserve it.
Precisely Lyndie and Nat west are being obtuse about that too.
Yes, they have apologised, but the closure of his account remains.
He can either open a normal NatWest account or go elsewhere.
www.dailymail.co.uk/news/article-12320703/Coutts-says-SORRY-Nigel-Farage-deeply-inappropriate-report-insists-values-freedom-expression-government-announces-crackdown-customers-accounts-closed.html
It takes over a year to get any sort of response from The Ombudsman, given the number mentioned upthread of cancelled accounts there is obviously a backlog of cases there. At least given the furore over NF's cancelled accounts banks will hopefully put under more scrutiny.
The longer they (NW) play this game of sly underhand behaviour, the worse it will be for them.
Over 2 years and counting TerriBull
DiamondLily
Yes, they have apologised, but the closure of his account remains.
He can either open a normal NatWest account or go elsewhere.
www.dailymail.co.uk/news/article-12320703/Coutts-says-SORRY-Nigel-Farage-deeply-inappropriate-report-insists-values-freedom-expression-government-announces-crackdown-customers-accounts-closed.html
Where is he supposed to go? 9 banks have towed the ERG line so far.
Things seem to be changing though.
These newly acquired values are "foisted" values of ESG driven along by hedge funds such as Black Rock and lobbyists like Stonewall. Opposers can find a withhold of investment and black listing if they don't subscribe to the approved orthodoxies.
Casdon
MerylStreep
Lyndie
NF has had an apology from Coutts CEO.
As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.
According to the Telegraph, Dame Alison Rose, the chief executive of NatWest, has apologised to Nigel Farage over the mishandling of his account closure. His Coutts account won’t be reopened but she reiterated the offer of an account with NatWest.
Have you read the so called 'apology' Casdon?
It falls down in a number of ways.
Do you think this should put an end to all of this?
TerriBull
These newly acquired values are "foisted" values of ESG driven along by hedge funds such as Black Rock and lobbyists like Stonewall. Opposers can find a withhold of investment and black listing if they don't subscribe to the approved orthodoxies.
Perfectly put TerriBull
This was never going to court because NF knows where the bodies are buried .....
MerylStreep does this mean others have behaved badly (illegally or immorally), and NF is in fact knowledgeable of these events?
In which case who are these people, in your estimation?
I'm not saying you're wrong just I don't know who or when?
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