Refusing banking services to Farage

What a shame that he has lost out because of his political views.
What a shame that everyone else has lost out because of his political views.

4 Likes

Good to see Nigel supporting minorities…

1 Like

Having read the Guardian piece should we not be thanking Nige for shining a light on what is clearly a widespread problem for certain sections of the UK population? :grinning:

1 Like

Farage was very dangerous when he was peddling lies, the Tories are freaked out about how dangerous he might be now that he has a legitimate cause to champion. They are frantically trying to, what’s that phrase? Oh yes, “take back control” :joy:

Actually I think he has done a lot of people justice. Whether you like him or loathe him, which I know loads on here do for their own reasons. He has publicised something that evidently has been going on for some time and the wet wipes in downing street knew about it. Now it is out in the open they have to do damage control if only to protect their own assets, like i said before butt clenching sessions going on in No10. The wet wipes need to be worried about him because and quite rightly so, he could and probably would make them a lot of bother.

So it seems Marmite isnt the only one to get done over:

"Gina Miller, the committed Rejoiner . has witnessed a bank account for her fledgling political party shut down.

In a move which echoes the controversy surrounding Nigel Farage, Monzo (the bank) at first refused to provide a reason why it had decided the account, for her True and Fair party, was being closed in September."

What surprises me is the incredibly disastrous way this has been handled by the bank - it was naive at best of Rose to be talking to a journalist but she just gave Farage grist for his mill.

The decision by Coutts (hardly a “high street bank”) was a commercial and reputational one and NOT specifically because of Farage’s political views.

What it does show is that someone with the right connections can do incredible damage if they wish - and Farage is a sh*t stirrer of first order.

Has he “shone a light on a problem in the banking industry” - I actually doubt it, he’s turned PR naivety to his advantage, as per.

As for the Miller thing - Monza was out of order not to explain their reasons but if their policy is not to offer accounts to political parties then that is their policy (though, really, I’d expect it to apply only to recognised parties, I’m not sure Miller’s falls into that category).

3 Likes

That is inaccurate. Monzo have said that they do not allow accounts held by political parties and the True & Fair account was opened in error. But at least no one is throwing their toys out of the pram on this occasion unlike the Farage farago.

However it seems that, having realised their error, they did not initially give a reason - which does seem a bit out of order.

1 Like

No it wasnt and it Was due to Marmites political views. In the memo he obtained, they say so amongst other things.

Monzo have only come out in line with Coutts, as they think that Miller, who is also a schitt stirrer with political views obviously differing from the hierarchy of the bank. Now she has come out and dropped them in it and there will be more to follow.

The wording they used says it was about his links to Russia and his controversial comments but, importantly, also a commercial decision as his account had “been below commercial criteria for some time” after he had repaid his mortgage:

3 Likes

“the relationship has been below commercial criteria for some time” is the clincher, it’s not judgment but proper justification, nothing more is needed. Saying anything more is sheer stupidity on the part of the bank.

5 Likes

Yes, this whole affair would have been a non-issue if they hadn’t included all the other stuff. I can’t quite believe we’re all still talking about it :frowning:

Which is why she was not up to the job for heavens sake. Really, CEO of a large PLC and your describing her as naïve!!!

2 Likes

I wouldnt call her naive, just plain stupid. She should have known better, or even worse She did know better and ploughed on. Was her resignation planned into the risk analysis of the bank or the demise of their own person, I personally dont think it was part of the negative press that they got and will be getting.

3 Likes

I’m afraid I have to disagree.

They were at pains to point out that he always stayed within the law.

It is a subtle one but

is distinct from

Farage might well understand the difference but he is hoping his fans won’t - and in that I suspect he is correct.

4 Likes

What else was she?

Rocam has it as “stupid” - hard to disagree that it was a very unwise move.

1 Like

100%

1 Like

Sorry, didn’t explain myself, not questioning your and @Rocam 's view of her. My exclamation marks are that, the very fact that these words are being used in connection with this woman shows how ill-equipped she was for the job.

1 Like

Ah, yes, I see. :slight_smile:

1 Like