Banks will be forced to explain and delay any decision to close an account under freedom of expression protection rules, according to the government.
On Thursday, the Treasury said that it has stepped in to “address fears that banks” are terminating accounts because they disagree with someone’s political beliefs.
The announcement comes after Natwest’s chief executive, owner of the prestigious bank Coutts, apologised to Nigel Farage and has promised a full review of the bank’s processes after a dossier said that his views “were at odds with our position as an inclusive organisation.”
In July, Mr. Farage claimed the bank he has been with for over 40 years has closed his account with “no explanation.”…
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