1690351675NatWest boss Alison Rose quits after admitting Farage leak to BBCNatWest boss Dame Alison Rose resigned from her position after admitting to being the source of an inaccurate story about Nigel Farage\u2019s finances.<\/p>\n
In a statement released early on Wednesday morning, NatWest Group chairman Sir Howard Davies said: \u201cThe Board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group. It is a sad moment.<\/p>\n
Rituparna Chatterjee26 July 2023 07:07<\/p>\n
1690362011Dame Alison Rose will step down from government rolesDame Alison Rose will step down today from her two government roles. <\/p>\n
The former NatWest boss will quit the prime minister\u2019s business council, which she joined last week. <\/p>\n
And she will quit the government\u2019s energy efficiency taskforce, which she joined in February. <\/p>\n
It follows her resignation from NatWest for leaking details about the closure of Nigel Farage\u2019s Coutts account.<\/p>\n
Maryam Zakir-Hussain26 July 2023 10:00<\/p>\n
1690361312Labour: Government should hold itself to same standards as Dame AlisonLabour has said it was \u201castonishing\u201d to see ministers condemn Dame Alison Rose when it \u201chas not been holding itself to that same standard\u201d. <\/p>\n
Shadow international trade secretary Nick Thomas-Symonds said the country would be \u201cin a much better position\u201d if the government acted as quickly to deal with problems in its own ranks. <\/p>\n
\u201cThe chancellor and the prime minister have never shown such a desire to intervene when they\u2019ve had their own problems,\u201d Mr Thomas-Symonds said. <\/p>\n
But he told Sky News Jeremy Hunt and Rishi Sunak \u201ccould not wait to come out to make those criticisms last night\u201d. <\/p>\n
Mr Thomas-Symonds, the first member of Sir Keir Starmer\u2019s top team to speak out over the Dame Alison\u2019s resignation, said: \u201cIt is astonishing to see the chancellor and the prime minister, under pressure from outside, weighing in so quickly against a business leader like Dame Alison Rose when you think about the situations we\u2019ve had in government. <\/p>\n
\u201cWhether it is with Nadhim Zahawi, whether it is with Gavin Williamson or whether it is with Dominic Raab, the government certainly has not been holding itself to that same standard when it comes to dealing decisively,\u201d he said. <\/p>\n
And Mr Thomas-Symonds added: \u201cWhen it comes to dealing decisively with colleagues in government, the prime minister has invariably been slow to act. <\/p>\n
\u201cBut when it came to this situation last night with a business leader, they moved straight in. <\/p>\n
\u201cIf only the government would hold itself to those same standards of speed, I\u2019m sure we\u2019d be in a much better position generally.\u201d <\/p>\n
Asked whether ministers were right to intervene, Mr Thomas-Symonds said it \u201cwas a matter for NatWest\u201d.<\/p>\n
Maryam Zakir-Hussain26 July 2023 09:48<\/p>\n
1690361195Dame Alison Rose and Natwest statements Howard Davies, chairman of the NatWest Group Board, said in a statement: \u201cThe Board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group. It is a sad moment.<\/p>\n
\u201cShe has dedicated all her working life so far to NatWest and will leave many colleagues who respect and admire her.\u201d<\/p>\n
Dame Alison said: \u201cI remain immensely proud of the progress the bank has made in supporting people, families and business across the UK, and building the foundations for sustainable growth.<\/p>\n
\u201cMy NatWest colleagues are central to that success, and so I would like to personally thank them for all that they have done.\u201d<\/p>\n
(PA Archive)<\/p>\n
Maryam Zakir-Hussain26 July 2023 09:46<\/p>\n
1690360544Farage calls for a \u2018cultural change\u2019 at the bankNigel Farage called for a \u201ccultural change\u201d at the bank and within the wider industry, as he promised to continue to campaign on account closures.<\/p>\n
It came as shares in the lending giant fell by three per cent in the wake of Dame Alison\u2019s resignation, with other banks also seeing their shares hit.<\/p>\n
He said what is needed is a \u201ccultural change within NatWest – they ought to go back to being a bank, rather than being a moral arbiter for political positions\u201d.<\/p>\n
He added: \u201cBut I think this culture runs deep through the entire banking industry. I think there is a massive anti-Brexit prejudice and I think the whole thing needs to change.\u201d<\/p>\n
Maryam Zakir-Hussain26 July 2023 09:35<\/p>\n
1690359915Who is Alison Rose? NatWest boss who quit after admitting Nigel Farage leak to BBC Dame Alison Rose is a prominent figure in the finance industry who achieved the historic milestone of becoming the first woman to assume a top leadership role at one of the UK\u2019s renowned \u201cBig Four\u201d banks.<\/p>\n
Maryam Zakir-Hussain26 July 2023 09:25<\/p>\n
1690359315Lloyds Bank boss insists industry does not need to change policiesThe boss of Lloyds Banking Group has insisted the UK banking industry does not need to significantly change de-banking policies, amid pressure on banks following the resignation of NatWest Group chief executive Dame Alison Rose.<\/p>\n
Charlie Nunn stressed Lloyds primarily considers financial crime risks when closing a customer\u2019s bank account, and does not consider their political beliefs.<\/p>\n
He said: \u201cAt this stage, I have no concerns that the Government, or what we\u2019re being asked to do, conflicts with our ability to protect the UK economy and customers from economic crime.\u201d<\/p>\n
It follows the Treasury announcing stricter rules for banks when it comes to forcibly closing a customer\u2019s account.<\/p>\n
He added: \u201cIn terms of lessons from the current environment… financial services is core to how the economy operates, it\u2019s a hugely important service for the economy, for people\u2019s everyday lives, and it\u2019s politically very important.<\/p>\n
\u201cWe know which society we\u2019re supporting, we know our role in society, and we take it very seriously.\u201d<\/p>\n
Maryam Zakir-Hussain26 July 2023 09:15<\/p>\n
1690358715Nigel Farage and Nick Robinson clash during Radio 4 interviewNigel Farage lashed out at a BBC presenter after a jibe about his failed attempts at becoming an MP.<\/p>\n
\u201cI am sick to death of your condescending tone,\u201d Mr Farage told Radio 4\u2019s Nick Robinson.<\/p>\n
Nigel Farage and Nick Robinson clash during Radio 4 interview<\/p>\n
Maryam Zakir-Hussain26 July 2023 09:05<\/p>\n
1690358115NatWest Dame Alison Rose\u2019s resignation \u2018had to happen\u2019 says Nigel Farage, but now \u2018whole board must go\u2019Nigel Farage has called for a \u201ccultural change\u201d at NatWest and within the wider industry, as he promised to continue to campaign on account closures.<\/p>\n
Mr Farage said NatWest \u201cought to go back to being a bank, rather than being a moral arbiter for political positions\u201d.<\/p>\n
He hit out at the wider NatWest Board in wake of the resignation of Dame Alison Rose. He said: \u201cAnybody on that Board that backed that statement that was put out at 17.42 yesterday, a totally unsustainable and untrue statement, anybody that backed that behaviour, should be gone.\u201d<\/p>\n
Nigel Farage demands whole NatWest board \u2018must go\u2019 after Alison Rose\u2019s resignationNigel Farage has called for a \u201ccultural change\u201d at NatWest and within the wider industry, as he promised to continue to campaign on account closures. Mr Farage said NatWest \u201cought to go back to being a bank, rather than being a moral arbiter for political positions\u201d. He hit out at the wider NatWest Board in wake of the resignation of Dame Alison Rose. He said: \u201cAnybody on that Board that backed that statement that was put out at 17.42 yesterday, a totally unsustainable and untrue statement, anybody that backed that behaviour, should be gone.\u201d<\/p>\n
Maryam Zakir-Hussain26 July 2023 08:55<\/p>\n
1690357581Grant Shapps welcomes resignation of Natwest bossEnergy secretary Grant Shapps welcomed the resignation of Dame Alison Rose as Natwest\u2019s chief executive in the row over the closure of Nigel Farage\u2019s Coutts bank account. <\/p>\n
Mr Shapps tweeted: \u201cAs someone referenced in the Coutts dossier used to outrageously remove banking facilities from Farage, I welcome the NatWest\/Coutts CEO stepping down.<\/p>\n
\u201cHowever, it\u2019s equally important banks stop applying political (PEP) tests to people (& families) opening new bank accounts too.\u201d<\/p>\n
(PA Wire)<\/p>\n
Maryam Zakir-Hussain26 July 2023 08:46<\/p>\n","protected":false},"excerpt":{"rendered":"
1690351675NatWest boss Alison Rose quits after admitting Farage leak to BBCNatWest boss Dame Alison Rose resigned from her position after admitting to being the source of an inaccurate story about Nigel Farage\u2019s finances. In a statement released early on Wednesday morning, NatWest Group chairman Sir Howard Davies said: \u201cThe Board and Alison Rose have agreed, […]<\/p>\n","protected":false},"author":1,"featured_media":2265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-2264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n