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Former leader of the Brexit Party, Nigel Farage, alleges that he is facing what he describes as “serious political persecution” by the banking sector in the UK, claiming that the pro-Remain establishment is making a concerted effort to exclude him from the banking system. Farage asserts that this has made him contemplate whether he will be able to continue residing in the UK.
In a video released on Twitter, Farage shared that seven banks had turned down his applications for both personal and business accounts, making him feel like a “non-person.”
He stated that his bank accounts at an undisclosed financial institution, where he has been a customer for over four decades, were on the verge of being terminated without any explanation provided.
Farage posited three theories to explain why he believes the banking establishment is distancing itself from him. Firstly, he asserts that his role in championing Brexit has made him a persona non grata in the banking circles. “The banks did not want Brexit to happen,” Farage said in the video. “The corporate world will never forgive me.”
Additionally, Farage speculates that his political standing might be a factor. The “politically exposed person” protocol requires banks to conduct additional scrutiny on accounts held by politicians and their families to guard against the possibility of foreign bribery. Farage acknowledged the rationale behind such precautions but emphasized that the additional compliance burden for the banks should be commensurate.
Thirdly, Farage raised concerns about allegations that were made by Labour lawmaker Sir Chris Bryant in the previous year.
Bryant claimed that Farage had received a substantial sum of money, specifically £548,573, from Russia Today television station in 2018, an assertion that Farage vehemently denies. Farage stated, “The truth is I’ve never received any money from any sources with any link to Russia.”