A senior Conservative Member of Parliament is calling for a review of Coutts’ owner NatWest’s banking license following a dispute with Nigel Farage. A comprehensive document obtained by MailOnline reveals the reasons behind Farage’s dismissal as a Coutts customer. The 40-page file shows that Coutts considered Farage’s views to be inconsistent with its status as an “inclusive organization.” These actions by the bank have been criticized as “sinister” and a “disgrace.” Additionally, there are allegations that Coutts lied to the BBC about Farage’s financial status. Rishi Sunak, the Chancellor of the Exchequer, has intervened in the dispute, promising to crack down on banks that cancel customers’ accounts based on their political beliefs. Prime Minister Boris Johnson expressed his disapproval of the practice and emphasized the importance of lawful free speech. Other Tory MPs, including David Davis and Jacob Rees-Mogg, voiced their concerns about Coutts’ decision and urged further investigation. The documents reveal that Coutts cited Farage’s retweet of a Ricky Gervais joke and his friendship with Novak Djokovic as evidence of his alleged xenophobia and racism. These claims have been refuted by Farage, who argues that the dossier is filled with false statements. The Prime Minister’s press secretary condemned the closure of bank accounts based on political views and stressed that no individual should be barred from banking services because of their political affiliation. The document also references accusations made by Labour MP Chris Bryant regarding Farage’s alleged connection to the Russian state, which Farage vehemently denies. This contentious situation has prompted other customers to come forward with accounts of being abandoned by banks due to their political beliefs. The BBC initially reported that Coutts’ decision was based on commercial reasons, but the documents obtained by Farage tell a different story. The dossier highlights the discussions held by Coutts’ Wealth Reputational Risk Committee, stating that the decision to terminate Farage’s account was not politically motivated but instead centered around inclusivity and purpose.
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