Nigel Farage fell below the financial threshold required to hold an account at Coutts. (www.bbc.co.uk)

submitted 1 year ago by _rowdy_p_@feddit.uk to c/uk_politics@feddit.uk

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TLDR 🤖

Nigel Farage, former leader of the UK Independence Party and Brexiteer, had his bank account at Coutts, a private bank for the wealthy, closed due to not meeting the required financial threshold. Farage suggested the closure was politically motivated. However, insiders familiar with the situation stated it was a commercial decision. Coutts requires customers to borrow or invest at least £1m, or hold £3m in savings. Farage was offered a standard account at NatWest, the owner of Coutts, but disputes the timing of this offer. He also reported that attempts to open accounts with other banks were unsuccessful, citing his status as a "Politically Exposed Person" (PEP) as the reason for rejections. The exact cause of the Coutts account closure remains a point of contention between Farage and the banks.

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[-] sunbeam60@lemmy.one 11 points 1 year ago

He said that losing his bank account was the equivalent of being a "non-person" and that the decision may "fundamentally affect my future career and whether I can even go on staying living here in this country".

Don't worry Nige, you can always move to some other EU country ... oh wait ... no you can't.

[-] HenrysCat@feddit.uk 11 points 1 year ago

Yes he can because his wife's German and they all have German passports. One rule for me another for thee. Hopefully he fucks off soon the pint swilling inbred chinless fuckface.

[-] sunbeam60@lemmy.one 3 points 1 year ago

Oh FFS. His whole brexit schtick is so lamentable. Of course he retains an EU citizenship.

[-] Zellith@lemmy.fmhy.ml 2 points 1 year ago

Well even if he moves I doubt that he would be staying with his wife. They have basically been living separate lives for a good few years now (at least thats my understanding). I doubt she'd have him.

[-] patsharpesmullet@lemmy.world 3 points 1 year ago

AFAIK a Maltese passport is easy enough to obtain with a bit of cash.

[-] sunbeam60@lemmy.one 1 points 1 year ago

Although by the article that whole cash thing seems a bit of a problem for him rn

this post was submitted on 04 Jul 2023

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