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Careful what you say, or you may end up without any banking facilities.

(480 Posts)
M0nica Wed 19-Jul-23 08:44:03

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?

Casdon Thu 20-Jul-23 18:54:09

Namsnanny

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?

Yes, I’ve read it. I think she chose her words extremely carefully, and both she and he know the subtext, although we don’t.
I think the government have done the right thing in requiring three months notice of accounts being closed, so some good has come from it.

eazybee Thu 20-Jul-23 19:07:43

Along with three months notice, I hope there is a right to an explanation giving the reasons for the closure of the account.

Saetana Thu 20-Jul-23 19:36:28

Pooter

"Careful what you say, or you may end up without any banking facilities".

This thread headline is misleading. Farage was offered a Nat West account, so he isn't left "without banking facilities". He just won't have access to privileged banking with this particular bank. Privileged treatment isn't a right, although those with an entitled mindset like Farage may believe so.

Courts say that they are legally constricted in how they respond to Farage's accusations (something Farage knows).

So why doesn't Farage just put the full document into the public domain, rather than selectively fillet and thus distort it for his own advantage?

The full document, minus actual names of those making the reports, and his personal account numbers/balances etc, is available on the Telegraph website. It is a disgusting piece of libel and I hope Farage is considering legal action. Its very clear from the dossier that he was not debanked for falling below account thresholds, by his own admittance he had been below for years - as are many other Coutts customers. Being a bit below the threshold is never used as a reason, in isolation, to close an account. If any of you have read the full dossier - which is full of libel and links to biased media articles - then you will know his beliefs and political activity is why his accounts were closed. Yes he was offered a Nat West personal account, he needs a business account as well but this was not offered, verbally 5 minutes before his show was due to go on air a couple of weeks ago. Whatever you think of Farage, this is not right - he is highlighting a major problem at the moment, there are tens of thousands of people who have either had accounts closed or been unable to open them - and that is a very conservative estimate.

The head of Nat West has sent a written apology just a couple of hours ago, its all over the media so I won't quote it here. This is a bigger issue than Farage - when people start losing accounts because of their LEGALLY HELD views, well you have to wonder who is going to be next?

Saetana Thu 20-Jul-23 19:41:28

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.

Wow - what a nice person you are! It is not a non story, the head of Nat West has apologised to Farage for the libellous dossier - and its clear he is far from the only person who has had his account closed due to LEGALLY HELD views. And, yes, he is appealing to the Ombudsman. Might be an idea to get your facts right before you post.

fancythat Thu 20-Jul-23 19:42:09

Financial Services are not in the same league as sweet shops. Thankfully. Nor should they be.

www.independent.co.uk/news/uk/politics/farage-bank-account-coutts-bbc-b2377949.html

Namsnanny Thu 20-Jul-23 20:23:51

Casdon

Namsnanny

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?

Yes, I’ve read it. I think she chose her words extremely carefully, and both she and he know the subtext, although we don’t.
I think the government have done the right thing in requiring three months notice of accounts being closed, so some good has come from it.

First can I ask you to take a stab at what you think the subtext is, and why should there be any subtext?

Actually, I would argue that AR didn't choose her words extremely carefully.
Her choices high lighted the complete farce that she has been overseeing.
She still doesn't get it.

M0nica Thu 20-Jul-23 20:25:45

WWM2 Your prejudiced attitude to this issue because you do not like the politics of the person who has made this serious issue big news, must cast a shadow over your opinions on so many other issues. How far can you judge with an open mind and how far you are driven by your opinon, good or bad, of those involved.

Freya5 Thu 20-Jul-23 20:51:07

M0nica

WWM2 Your prejudiced attitude to this issue because you do not like the politics of the person who has made this serious issue big news, must cast a shadow over your opinions on so many other issues. How far can you judge with an open mind and how far you are driven by your opinon, good or bad, of those involved.

Well said.

Freya5 Thu 20-Jul-23 20:51:30

Saetana

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.

Wow - what a nice person you are! It is not a non story, the head of Nat West has apologised to Farage for the libellous dossier - and its clear he is far from the only person who has had his account closed due to LEGALLY HELD views. And, yes, he is appealing to the Ombudsman. Might be an idea to get your facts right before you post.

Well said.

Shizam Thu 20-Jul-23 21:00:33

Why would Coutts decide now that Farage ain’t their thing? He’s been with them 30 years and spouting his Brexit UKIP blah for all of that time. Royals bank with them. Have they banished Andrew for all of his shady behaviour?

I deeply dislike Farage and everything he stands for. But there is something deeply wrong with this. A vicar recently lost his bank account with Yorkshire Bank because he queried their Pride Month promotions.

Never thought I’d be siding with a vicar and Farage!

TiggyW Thu 20-Jul-23 21:29:15

I thought this was a free country! I can foresee NatWest losing a lot of customers over this.
I’m afraid the banks won’t find out much about me from social media…🤨

Casdon Thu 20-Jul-23 21:45:45

Namsnanny

Casdon

Namsnanny

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?

Yes, I’ve read it. I think she chose her words extremely carefully, and both she and he know the subtext, although we don’t.
I think the government have done the right thing in requiring three months notice of accounts being closed, so some good has come from it.

First can I ask you to take a stab at what you think the subtext is, and why should there be any subtext?

Actually, I would argue that AR didn't choose her words extremely carefully.
Her choices high lighted the complete farce that she has been overseeing.
She still doesn't get it.

I don’t know what the subtext is, but I think there is one. I guess time will reveal what exactly it is. I think there was a reason why her letter was a less grovelling apology than he wanted, and why Sunak was lukewarm about it too but my crystal ball is not clear enough to know why.

Primrose53 Thu 20-Jul-23 22:13:40

Namsnanny

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.

Quite. Reminiscent of the top woman at the Post Office who allowed all those Postmasters to lose their jobs, lose respect in their communities, lose their minds and some imprisoned!

She was also paid mega money and allowed these innocent people to have their lives ruined on her watch.

Primrose53 Thu 20-Jul-23 22:19:25

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.

Gosh, what must you be like in real life if you sound so full of hate in just a few typed lines?

Namsnanny Thu 20-Jul-23 22:23:25

Hmmmmm
I would say from my point of view there is no subtext.

It is what it says on the tin. ie a high profile figure has been dealt with in a high handed and unfair way, and has decided to use his experience to bring some pressure to bear on behalf of all those who haven't the power that he has.

As for him wanting a grovelling apology, you are on a sticky wicket there.
You would be hard pressed to find any sneering or goading from NF or his supporters, with regards to AR.

A truthful apology acknowledging the mistakes and deliberate lies and rudeness was required, but not forthcoming.

Don't forget she only wrote it after the Treasury released it's own view.

She should grovel in my view. Every word in the leaked document was used and approved by AR. Including the did she or didn't she talk to jack (whatever his name is) from the BBC about NF account. How dare she release a customers information?
If that proves to be true, she should resign.
Time will tell.

Also I think your assessment of RS luke warm attitude, is probably correct.
What I'm not so sure about is why.

He might just hope he can put the genie back in the bottle. Quash this before it bleeds out. Feed the plebs a small change such as 3 months warning to de bank.

If so I think he is wrong, I think people feel there is a real need to fight back against the ERG take over of our institutions.
Of which this is one

Namsnanny Thu 20-Jul-23 22:25:17

The above post was in reply to Casdon

Tuckshop Thu 20-Jul-23 22:34:05

A number of people have had their accounts closed including Christians and Free Speech supporters.

MerylStreep Thu 20-Jul-23 22:35:36

Primrose53

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.

Gosh, what must you be like in real life if you sound so full of hate in just a few typed lines?

I think MOnica nailed it with how far can you judge with an open mind etc comment.
I think we all know the answer.

Primrose53 Thu 20-Jul-23 22:52:35

Interesting that whilst people all over the country are saying well done to NF for highlighting this and getting an apology yet Starmer and his clan cannot bring themselves to say anything about it. It’s a victory for all ordinary people but they just cannot bring themselves to admit it.

Namsnanny Thu 20-Jul-23 23:56:52

It is telling isn't it Primrose53?

Whitewavemark2 Fri 21-Jul-23 00:00:51

Well I’ve just come back from a pleasant evening with friends and find quite a lot of vitriol directed at me over my small contribution to this debate. I have listed my 7 contributions, (there are 2-3others) and find many comments about my contribution absolutely derisory. However, I suspect that what caused the biggest vitriol was my opinion of Farages’ character.

My bias is here for all to see. You will notice that I have very little (nothing) to say about banks closing ordinary folks bank accounts, as I have seen no convincing evidence other than “say so”. that this is happening, but am happy to wait to see how this unfolds.
As for my opinion as to Farage’s character, I shall leave that until tomorrow, and then provide a full account as to what brought me to the opinion I have regarding Farage.

1.Banks are not censuring what we say.

They are choosing their customers.

2.Now, I’m not saying that this is the case, or indeed desirable, but it may be that Coutts values a certain type of customer, who, it may have found do not like like to be associated with Farage.

3.As things stand at the moment - that is their prerogative. We live in a free market economy, and that is apparently what people desire. So the state has no business interfering in banking activities.

4.Yes of course, but the state would have no business telling Coutts who its customers should be, its business model is based on a certain type of depositor. In the current system it is perfectly entitled to do so, and that will not be changed very soon.

5. Of course Farage can always sue Coutts and try their decision in court.

But I suspect he won’t for obvious reasons.

6. I suspect as the guardian article alluded, Coutts is more concerned with the values of the vast majority of its depositors, and their attitude to Farage - who see him as a spiv, racist and xenophobic. They don’t want to be seen rubbing shoulders with such grubbiness.

7.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.

Namsnanny Fri 21-Jul-23 00:06:55

Wwmk2 Stop digging.
Or turn on gbnews now NF is on repeat Maybe you might find out something you didn't know before.

You don't have to agree, just find out the facts of the case.

Sorry Wwmk2 you feel this way

growstuff Fri 21-Jul-23 01:26:21

Casdon

Namsnanny

Casdon

Namsnanny

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?

Yes, I’ve read it. I think she chose her words extremely carefully, and both she and he know the subtext, although we don’t.
I think the government have done the right thing in requiring three months notice of accounts being closed, so some good has come from it.

First can I ask you to take a stab at what you think the subtext is, and why should there be any subtext?

Actually, I would argue that AR didn't choose her words extremely carefully.
Her choices high lighted the complete farce that she has been overseeing.
She still doesn't get it.

I don’t know what the subtext is, but I think there is one. I guess time will reveal what exactly it is. I think there was a reason why her letter was a less grovelling apology than he wanted, and why Sunak was lukewarm about it too but my crystal ball is not clear enough to know why.

To me the subtext is ... "We were right to close your account because you haven't got enough money and we didn't want to have anything to do with you anyway, but we regret that we went about it the wrong way. You can always have an account for ordinary people because that's what you are. Bye!"

growstuff Fri 21-Jul-23 01:27:55

PS. I don't remember that Farage has campaigned in the past for all the millions of people in the country who can't get a bank account.

growstuff Fri 21-Jul-23 01:30:59

*I think people feel there is a real need to fight back against the ERG take over of our institutions.
Of which this is one*

I'm confused! What has the ERG got to do with this?