How did we get here? Here's everything you need to know about the story.
In June, Farage used his GB News show to moan his bank an account with a then unnamed bank had been closed despite his custom stretching back to the 1980s.
He said it was "serious political persecution" and claimed he was struggling to find an alternate bank to stash his money, leaving him considering leaving the UK altogether.
“I won’t really be able to exist or function in a modern 21st century Britain,” Farage said. “‘I’m beginning to think that perhaps life in the United Kingdom is now becoming completely unliveable because of the levels of prejudice against me.”
Coutts’ website states prospective customers must have “at least £1m in investments or borrowing” - such as a mortgage – or “£3m in savings” to set up an account with them.
High-profile journalists and public figures quickly mocked Farage and it seemed like that was the end of it - just another instance of the politician unjustifiably moaning about perceived injustice to get five minutes of fame. Typical grifter Farage, right?
But then something strange happened. Farage came back with receipts. Writing in the Telegraph, he said he had gained access to a report by the bank's wealth reputational risk committee via a subject access request which allegedly mentioned reputational concerns because Farage's views "do not align" with their values.
The Telegraph reports that minutes from of a meeting of Coutts' wealth reputational risk committee held on November 17 2022 read: "The committee did not think continuing to bank NF [Nigel Farage] 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."
But Coutts stressed, "it is not Coutts' policy to close customer accounts solely on the basis of legally held political and personal views".
"Decisions to close an account are not taken lightly and involve a number of factors including commercial viability, reputational considerations, and legal and regulatory requirements," they said.
"We recognise the critical importance of access to banking. When it became clear that our client was unable to secure banking facilities elsewhere, and as he has confirmed publicly, he was offered alternative banking facilities with NatWest. That offer stands.
"We understand the public concern that the processes for ending a customer relationship, and how that is communicated, are not sufficiently transparent."
Politicians weigh in
MPs and government ministers then got involved, with Jacob Rees-Mogg even using PMQs to raise the issue with the prime minister, Rishi Sunak and Grant Shapps calling the issue "disgraceful" in an interview with Sky News.
The Treasury has called a meeting with bank bosses over account closures, following the row.
Apologies roll in
The BBC then apologised for their initial report, and Farage accepted their backtrack.
"It's not often that the BBC apologise. But for the BBC to apologise, I'm very, very pleased," Farage said.
The boss of NatWest Group, Dame Alison Rose, apologised on to Farage for what she called the "deeply inappropriate" comments made in the document.
She also said that she was commissioning a full review of Coutts' processes on bank account closures.
Bank boss resigns
Then, a week later, she resigned. She admitted she was the source for the story and apologised.
She said: “Put simply, I was wrong to respond to any question raised by the BBC about this case. I want to extend my sincere apologies to Mr Farage for the personal hurt this has caused him and I have written to him today.”
Whether this puts an end to the matter or not, time will only tell.
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