The City watchdog has found no proof that politicians’ bank accounts are being closed primarily because of their views, the BBC understands.
The findings by the Financial Conduct Authority (FCA), due to be published shortly, follow a row over the closure of former UKIP leader Nigel Farage’s account at Coutts.
Mr Farage, who claimed his account was shut over his views, told the BBC the findings were “total nonsense”.
Mr Farage, who claimed his account was shut over his views, told the BBC the findings were “total nonsense”.
According to the Financial Times, which first reported the news, the FCA’s investigation looked at data from 34 banks and payment companies covering the period from June 2022 to June 2023.
Out of the information it examined, there were no cases where political views were the main reason for personal accounts being shut.
Mr Farage called the findings “absolutely farcical”.
“To suggest no one gets debanked for their political views is total nonsense,” he said, adding that there were “dozens” of examples of where this had happened.
“It’s very difficult to believe the FCA can say this and I can only conclude that they’re part of the problem, rather than part of the solution,” he said.
The City watchdog has found no proof that politicians’ bank accounts are being closed primarily because of their views, the BBC understands.
Mr Farage, who claimed his account was shut over his views, told the BBC the findings were “total nonsense”.
The findings by the Financial Conduct Authority (FCA), due to be published shortly, follow a row over the closure of former UKIP leader Nigel Farage’s account at Coutts.
According to the Financial Times, which first reported the news, the FCA’s investigation looked at data from 34 banks and payment companies covering the period from June 2022 to June 2023.
Mr Farage, who claimed his account was shut over his views, told the BBC the findings were “total nonsense”.
Mr Farage, who claimed his account was shut over his views, told the BBC the findings were “total nonsense”.
According to the Financial Times, which first reported the news, the FCA’s investigation looked at data from 34 banks and payment companies covering the period from June 2022 to June 2023.
Out of the information it examined, there were no cases where political views were the main reason for personal accounts being shut.
Mr Farage called the findings “absolutely farcical”.
“To suggest no one gets debanked for their political views is total nonsense,” he said, adding that there were “dozens” of examples of where this had happened.
“It’s very difficult to believe the FCA can say this and I can only conclude that they’re part of the problem, rather than part of the solution,” he said.
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