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Post by northwestman on Jul 4, 2023 15:29:07 GMT 1
bylinetimes.com/2023/07/04/nigel-farage-bank-account-coutts-a-story-too-good-to-check/One of Britain’s biggest selling newspapers, the Daily Mail, this morning splashed on what it described as the “chilling” news that Nigel Farage’s bank account had been closed down for “political reasons”. The paper reported that Treasury officials were launching an investigation into the closure of people’s accounts because banks “do not like their views on controversial topics”. The report followed claims by Farage that “the establishment are trying to force me out of the UK by closing my bank accounts”. According to the former Brexit Party Leader, this is an example of “serious political persecution at the very highest level of our system”. There is one problem with all of this. It doesn’t appear to be true. In fact, according to a new report by the BBC, the decision to close Farage’s Coutts bank account was based not on his political views, but on the fact that his bank balance was below the threshold required by the elite provider. www.bbc.co.uk/news/business-66097039
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Post by mattmw on Jul 4, 2023 17:42:08 GMT 1
bylinetimes.com/2023/07/04/nigel-farage-bank-account-coutts-a-story-too-good-to-check/One of Britain’s biggest selling newspapers, the Daily Mail, this morning splashed on what it described as the “chilling” news that Nigel Farage’s bank account had been closed down for “political reasons”. The paper reported that Treasury officials were launching an investigation into the closure of people’s accounts because banks “do not like their views on controversial topics”. The report followed claims by Farage that “the establishment are trying to force me out of the UK by closing my bank accounts”. According to the former Brexit Party Leader, this is an example of “serious political persecution at the very highest level of our system”. There is one problem with all of this. It doesn’t appear to be true. In fact, according to a new report by the BBC, the decision to close Farage’s Coutts bank account was based not on his political views, but on the fact that his bank balance was below the threshold required by the elite provider. www.bbc.co.uk/news/business-66097039 I wonder if Town bank with Coutts too and have suffered a similar cancelling to old Nigel |
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Post by staffordshrew on Jul 4, 2023 20:06:22 GMT 1
High time Farage was consigned to the dustbin of history.
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Post by Worthingshrew on Jul 4, 2023 20:12:01 GMT 1
High time Farage was consigned to the dustbin of history. And the Daily Mail. Fancy them publishing inaccuracies. |
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Post by block12massive on Jul 5, 2023 8:38:28 GMT 1
chunter chunter chunter
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Post by staffordshrew on Jul 5, 2023 19:35:18 GMT 1
Would it be fair to say you are not averse to a chunter or two yourself?
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Post by armchairfan on Jul 6, 2023 18:54:03 GMT 1
Whatever one's views on Mr Farage, he is a dab hand at self-publicity, always providing that such publicity will assist his political stance.
As for the Mail, I have never purchased it, nor have I purchased ANY newspaper for some 20 years.....not even the Telegraph which I used to buy daily.
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Post by staffordshrew on Jul 9, 2023 11:48:56 GMT 1
Does Farage have a heart after all, well, more of a heart than Robert Jenrick anyway?
The Home Office justified the decision as necessary to deter migrants from coming to the UK, stating the murals are too welcoming, and send the wrong message.
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Post by northwestman on Jul 19, 2023 14:57:28 GMT 1
'He is seen as xenophobic and racist. He is considered by many to be a disingenuous grifter’
Coutts dossier on Farage.
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Post by martinshrew on Jul 19, 2023 22:16:27 GMT 1
It's really quite disgraceful, I'd imagine they'll be fined. Will Tesco stop him buying groceries next? Will BP stop him having fuel?
I don't agree with him on plenty, but this is outrageous.
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Post by Deleted on Jul 20, 2023 6:21:12 GMT 1
'He is seen as xenophobic and racist. He is considered by many to be a disingenuous grifter’ Coutts dossier on Farage. I can't really disagree with that, sums him up nicely. It's really quite disgraceful, I'd imagine they'll be fined. Will Tesco stop him buying groceries next? Will BP stop him having fuel? I don't agree with him on plenty, but this is outrageous. If I'm not mistaken Coutts is a private company. Any company or business entity can chose who it does and doesn't deal with. I'm sure most of us know at least one person who has been kicked out of a pub and told not to come back. Many people supported the cake shop in Northern Ireland that refused to bake a cake for a gay wedding and I would imagine that those same people are the ones up in arms about this.
I have a NatWest platinum account, if I were to have my wages stop being being paid in I would no longer qualify for that level of account. I don't earn enough to get access to the benefits of the Black account. Same thing, but on a smaller scale. Should I be running to the press complaining that the bank are being mean to me?
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Post by armchairfan on Jul 26, 2023 10:33:59 GMT 1
'He is seen as xenophobic and racist. He is considered by many to be a disingenuous grifter’ Coutts dossier on Farage. I can't really disagree with that, sums him up nicely. It's really quite disgraceful, I'd imagine they'll be fined. Will Tesco stop him buying groceries next? Will BP stop him having fuel? I don't agree with him on plenty, but this is outrageous. If I'm not mistaken Coutts is a private company. Any company or business entity can chose who it does and doesn't deal with. I'm sure most of us know at least one person who has been kicked out of a pub and told not to come back. Many people supported the cake shop in Northern Ireland that refused to bake a cake for a gay wedding and I would imagine that those same people are the ones up in arms about this.
I have a NatWest platinum account, if I were to have my wages stop being being paid in I would no longer qualify for that level of account. I don't earn enough to get access to the benefits of the Black account. Same thing, but on a smaller scale. Should I be running to the press complaining that the bank are being mean to me?
I'm sorry, Neil, but I think that on this one, you and I will have to resume "normal service": while you are perfectly correct to say that a commercial entity operating in an essentially capitalist environment is free to choose its customers, the real question is whether it should do so as the arbiter of what it deems to be acceptable or "aligning with its principles"; over the years, there have been any number of left-wing individuals and organisations who have used the banking system and which certainly did not - and DO not - espouse views which align with those of most banks; I am unaware of any such individuals or organisations which have had their accounts terminated as a result - perhaps there are examples? I think that any comparison between this whole episode, and the generally accepted way of transacting business in a free society, is a complete and utter nonsense; you rarely, if ever, write such tripe - not like you, at all. |
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Post by staffordshrew on Jul 26, 2023 11:31:19 GMT 1
Can we not restrict Nigel Farage to one thread on here please?
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Post by armchairfan on Jul 26, 2023 13:49:15 GMT 1
Can we not restrict Nigel Farage to one thread on here please? Indeed - I was thinking that! Perhaps one of the other Mods can do the necessary....beyond me, I'm afraid 🤣🤣 |
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Post by wookeywombat on Jul 26, 2023 16:02:14 GMT 1
Can we not restrict Nigel Farage to one thread on here please? Or alternatively can we restrict Nigel Farage to no threads. |
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Post by staffordshrew on Jul 26, 2023 16:31:15 GMT 1
Can we not restrict Nigel Farage to one thread on here please? Or alternatively can we restrict Nigel Farage to no threads. Can't do that, Nigel would have the mods in the Daily Express for cancelling him and be issuing freedom of infornation notices to find the reason why. |
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Post by martinshrew on Jul 26, 2023 17:40:36 GMT 1
Can we not restrict Nigel Farage to one thread on here please? Or alternatively can we restrict Nigel Farage to no threads. Like the banks declining service, you want to deprive conversation. The far left know no bounds. Dangerous. |
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Post by armchairfan on Jul 26, 2023 20:33:34 GMT 1
Or alternatively can we restrict Nigel Farage to no threads. Like the banks declining service, you want to deprive conversation. The far left know no bounds. Dangerous. I took "staffordshrew"'s initial request seriously, hence my agreement. I suspect that the "no threads" suggestion was intended as a joke. |
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Post by wookeywombat on Jul 26, 2023 20:35:16 GMT 1
Like the banks declining service, you want to deprive conversation. The far left know no bounds. Dangerous. I took "staffordshrew"'s initial request seriously, hence my agreement. I suspect that the "no threads" suggestion was intended as a joke. "Many a true word is spoken in jest" |
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Post by mattmw on Jul 26, 2023 20:48:16 GMT 1
I took "staffordshrew"'s initial request seriously, hence my agreement. I suspect that the "no threads" suggestion was intended as a joke. "Many a true word is spoken in jest" Did get the joke and even thought there was a third meaning to related to the new meta rival to twitter, very clever  |
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Post by staffordshrew on Jul 26, 2023 21:09:05 GMT 1
Like the banks declining service, you want to deprive conversation. The far left know no bounds. Dangerous. I took "staffordshrew"'s initial request seriously, hence my agreement. I suspect that the "no threads" suggestion was intended as a joke. Yes, I don't think the "left" would want to silence dear old Nigel, or Truss, IDS, et el, the more you hear of them the less they seem to have any relevance. |
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Post by Deleted on Jul 27, 2023 18:44:17 GMT 1
I can't really disagree with that, sums him up nicely. If I'm not mistaken Coutts is a private company. Any company or business entity can chose who it does and doesn't deal with. I'm sure most of us know at least one person who has been kicked out of a pub and told not to come back. Many people supported the cake shop in Northern Ireland that refused to bake a cake for a gay wedding and I would imagine that those same people are the ones up in arms about this.
I have a NatWest platinum account, if I were to have my wages stop being being paid in I would no longer qualify for that level of account. I don't earn enough to get access to the benefits of the Black account. Same thing, but on a smaller scale. Should I be running to the press complaining that the bank are being mean to me?
I'm sorry, Neil, but I think that on this one, you and I will have to resume "normal service": while you are perfectly correct to say that a commercial entity operating in an essentially capitalist environment is free to choose its customers, the real question is whether it should do so as the arbiter of what it deems to be acceptable or "aligning with its principles"; over the years, there have been any number of left-wing individuals and organisations who have used the banking system and which certainly did not - and DO not - espouse views which align with those of most banks; I am unaware of any such individuals or organisations which have had their accounts terminated as a result - perhaps there are examples? I think that any comparison between this whole episode, and the generally accepted way of transacting business in a free society, is a complete and utter nonsense; you rarely, if ever, write such tripe - not like you, at all. My point was meant to flippant.
Farage is making a mountain out of a molehill in my opinion. Others have the same thing happen to them and have accepted it. Why can't he?
He was on one of the morning TV news shows the other day, spouting off that in November last year he still had a viable account, which is probably true. However since then his mortgage has been paid off and he has dropped below the financial requirements of the bank and they have enforced their archaic and obtuse rules. He must have known the rules and if not that is on him.
The guy is one of the biggest media Whores this side of the Atlantic and the thought of not being newsworthy cuts him like a knife. Unfortunately our media play into his hands every time. Why can't he just accept that he won and is now yesterdays news?
Or alternatively can we restrict Nigel Farage to no threads. Like the banks declining service, you want to deprive conversation. The far left know no bounds. Dangerous. Define far left.
I don't think anyone on here is a raging commie, but perhaps I'm mistaken.
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Post by armchairfan on Jul 27, 2023 20:04:53 GMT 1
I'm sorry, Neil, but I think that on this one, you and I will have to resume "normal service": while you are perfectly correct to say that a commercial entity operating in an essentially capitalist environment is free to choose its customers, the real question is whether it should do so as the arbiter of what it deems to be acceptable or "aligning with its principles"; over the years, there have been any number of left-wing individuals and organisations who have used the banking system and which certainly did not - and DO not - espouse views which align with those of most banks; I am unaware of any such individuals or organisations which have had their accounts terminated as a result - perhaps there are examples? I think that any comparison between this whole episode, and the generally accepted way of transacting business in a free society, is a complete and utter nonsense; you rarely, if ever, write such tripe - not like you, at all. My point was meant to flippant.
Farage is making a mountain out of a molehill in my opinion. Others have the same thing happen to them and have accepted it. Why can't he?
He was on one of the morning TV news shows the other day, spouting off that in November last year he still had a viable account, which is probably true. However since then his mortgage has been paid off and he has dropped below the financial requirements of the bank and they have enforced their archaic and obtuse rules. He must have known the rules and if not that is on him.
The guy is one of the biggest media Whores this side of the Atlantic and the thought of not being newsworthy cuts him like a knife. Unfortunately our media play into his hands every time. Why can't he just accept that he won and is now yesterdays news?
Like the banks declining service, you want to deprive conversation. The far left know no bounds. Dangerous. Define far left.
I don't think anyone on here is a raging commie, but perhaps I'm mistaken.
[b I apologise for my failure to notice the intended flippancy: I must have been suffering a temporary loss of my sense of humour, but the flippancy wasn't obvious! As for the suggestion that Mr Farage is "making a mountain out of a molehill" I have to respectfully disagree: that response is the typical Left/Woke defence - " don't worry about such an insignificant event, as it bears no resemblance to general reality in wider society". It really won't wash any more, as similar episodes have been occurring for too long, from " de-platforming" to "non-crime" arrests etc etc. These, admittedly infrequent, and individually fairly insignificant reports seem to me symptomatic of a trend, and need to be properly addressed by society. |
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Post by mattmw on Jul 27, 2023 22:48:49 GMT 1
There is really heart warming side angle to the Coultts and Farage story emerging from a few sources.
Marshall Wace, and major hedge fund manager has been shortening on Natwest bank stocks over the last 12 months. Shortening is effectively "predicting" which whether shares will fall or climb, and Marshall Wace have been putting significant sums against Natwest shares, including a big increase in April.
Its not unusual for such companies to do this and the profits they have made from the recent decline in Natwest shares caused by the resignation is a realtively small £11 million against a portfolio worth £50 billion. And predicting a banks shares would reduce in value in the current economic circumstances is not unusual.
The lovely heart warming element to the story is that one of the big players in Marshall Wace is Paul Marshall, who is one of the owners of GB News - who employee Nigel Farage and have been running the banking story. With all the extra money Mr Marshall has made, he can up Nigels Farages wages and allow him to meet the Coultts criteria again, and Coultts can go back to making money out of Farage and forgetting all that nasty stuff they heard about him when he was poor. Rich people are if course nice and the bank has just remembered that.
Paul Marshall has also donated over £500,000 to the Conservatives which will make the Prime Minister happy too, as he ws worried and a bit sad earlier this week earlier about Natwest and told them off publically and led to senior staff resigning and the share price plumetting.
So good news all round - its these quirky coincidences in life that make it worth living
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Post by Deleted on Jul 28, 2023 7:13:33 GMT 1
[b I apologise for my failure to notice the intended flippancy: I must have been suffering a temporary loss of my sense of humour, but the flippancy wasn't obvious! As for the suggestion that Mr Farage is "making a mountain out of a molehill" I have to respectfully disagree: that response is the typical Left/Woke defence - " don't worry about such an insignificant event, as it bears no resemblance to general reality in wider society". It really won't wash any more, as similar episodes have been occurring for too long, from " de-platforming" to "non-crime" arrests etc etc. These, admittedly infrequent, and individually fairly insignificant reports seem to me symptomatic of a trend, and need to be properly addressed by society. With you (Left/Woke) and Martin (far left) I suspect that you guys are watching too much GBNews.
People have bank accounts closed, credit cards cancelled or have special conditions placed upon them every single day. The media Whore is upset because he no longer qualifies as a viable customer to Coutts Bank. In any other walk of life this would be a ''Jeez that's a bit s**t. Oh well I suppose that's life'' moment, but oh no, the media Whore has the whole UK press corp just waiting for his next 'newsworthy' rant, so they can blow it up beyond all proportion.
Coutts have handled the situation really badly, as have NatWest, but if he had just accepted that he no longer had the right to bank with Coutts the situation would never had to have been handled at all.
If his politics had been the reason for his account being closed it would surely have been done years ago, but his account was viable back then. Why do think that he is being cancelled now? Is it because of his political views, the fact that he's a bit of a tw@ or that his account is not viable?
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Post by martinshrew on Jul 28, 2023 8:45:26 GMT 1
His views are perfectly legal. His views are the reason his bank has been closed.
If you can't see the wider danger in this, you're just blinkered because of who it is and not what has happened.
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Post by wookeywombat on Jul 28, 2023 9:50:17 GMT 1
His views are perfectly legal. His views are the reason his bank has been closed. If you can't see the wider danger in this, you're just blinkered because of who it is and not what has happened. Hot News. Farage's "views are the reason his bank has been closed". |
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Post by Deleted on Jul 28, 2023 21:07:13 GMT 1
His views are perfectly legal. His views are the reason his bank has been closed. If you can't see the wider danger in this, you're just blinkered because of who it is and not what has happened. His views are perfectly legal, you are correct. Do you possess irrefutable evidence that those views are the reason his account was closed? If so I'm sure the banking ombudsman would love to hear from you.
To be honest if his views were the sole reason for them closing his account I would actually be on his side for a change, but according to Coutts he had dropped below the threshold which was reason enough for them to close his account. His views might have some bearing on the decision, but I can be pretty sure that they are not the sole reason. If they were they could have closed his accounts down at any time in the last 20+ years. Why didn't they if they were the sole reason? They could well have been waiting for years to close the accounts, but just didn't have the justification. Once the justification was there they wasted no time, but if his account was still viable they would not have had that justification.
If he had just dropped below the required threshold for holding an account at Coutts and he had been seen as a less divisive personality I honestly believe that he would have been given more leeway. He can't go courting controversy and not expect a bank of the standing of Coutts to not notice. Perhaps being less controversial might have worked to his benefit for a change.
When he was interviewed by Suzanna Reid the other morning he droned on and on about how his account was still viable in November LAST year, when he still held a mortgage with Coutts. Once that mortgage was cleared earlier THIS year his account no longer met the requirements of holding an account with Coutts.
It's really not that difficult to grasp. Try taking your blinkers off.
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Post by staffordshrew on Aug 15, 2023 17:46:06 GMT 1
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Post by Valerioch on Aug 17, 2023 14:48:49 GMT 1
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