Farage: ‘Possible’ but ‘not straightforward to take legal action against NatWest

Farage: ‘Possible’ but ‘not straightforward to take legal action against NatWest
Gabrielle Wilde

By Gabrielle Wilde


Published: 19/02/2024

- 20:57

He revealed that people have approached him about joint legal action against the banking group

Nigel Farage has said he does not believe the NatWest Group is fit to be sold off to the public until it proves it has changed its culture.

Farage also revealed that people have approached him about joint legal action against the banking group, a move he described as ‘possible’.

Speaking on GB News, Nigel Farage said:

“On Friday we had the NatWest profit figures: £6.2 billion higher than the market expected. We also had the appointment of a permanent CEO.

“If you listen to NatWest Bank and Jeremy Hunt, the Chancellor, one of the things he really wants to announce in his March budget is that there'll be a big public offering of the last 38% of NatWest shares that are owned by the government on your behalf.

“Well, that's all fine and dandy, but there's an awful lot that needs to be sorted out.

“When I set up accountclosed.org, little did I know that I was going to get thousands of people contact me saying they also had been debanked and that of those banks that people felt had unfairly closed them down, it was the NatWest group that was at the top of that list.

“So many of those people have said to me, Nigel, can't we get together? Can't we fight a joint action? What is known in America as a class action.

“It's possible in British law to do it, just perhaps not quite as straightforward as it would be in America. But frankly, until this bank proves that it has changed its culture, I don't think that it's fit to be sold off to the public.”

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