Arron Banks sets key reform deadline with 'simple change' needed to end debanking chaos
Arron Banks says the Tories must address the banking issues
GB News
The Conservatives have been set an 18-month deadline in their bid to fix the banking system in Britain amid a swathe of debanking cases.
Arron Banks, co-founder of the Leave.EU campaign, joined Nigel Farage to discuss his experience of being debanked by Barclays after the GB News presenter had his own run in with Coutts.
The businessman accused Andrew Bailey of being aware of the matter as it played out in 2018.
Speaking to GB News, Banks said the system is in urgent need of reform, which he says would not be likely with a Labour government.
It comes after Shadow Chancellor Rachel Reeves called out “bullying attitudes” shown towards ex-NatWest CEO Dame Alison Rose, who has stepped down in the wake of Nigel Farage’s debanking.
The GB News presenter commented: “If we’re going to get banking reform it’s going to have to happen before she’s chancellor, isn’t it?”
Arron Banks responded: “I would say so, the Conservatives have got 18 months to fix it.
“I thought for a long time that a bank account is a service, the banks are monopolies.
“Coutts have agencies that produce these files which are used to blackball you and they use the information to stop you having a bank account.
“It’s the same as having water or electricity. It’s a utility. It’s a right.
Coutts bank in LondonPA“It’s simple. The only change the Government have got to make is the bank should not have the right to shut it without any explanation. The bank must give an explanation as to why they’re shutting the bank account.
“It’s a very simple change.”
It comes after Coutts offered to reinstate his personal and business accounts after weeks of being under fire over the matter.
Farage said the “fight goes on” regardless, as he demanded a face-to-face meeting with the bank’s bosses in a bid to understand how many other people have been affected by account closures.
“It has taken up a huge amount of my time and it has cost me, so far, quite a lot of money in legal fees”, he said on GB News.
“I have today sent a legal litigation letter to Coutts where I want some full apologies, I want some compensation for my costs, but – more important than all of that – I want a face-to-face meeting with the bank’s bosses.
“I want to find out how many other people in Coutts or NatWest have had accounts closed because of their political opinions, and I want to make sure this never happens to anybody else ever again.
“So the fight goes on.”
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