Oral Answers to Questions

David Davis Excerpts

Wednesday 19th July 2023 Commons Chamber

[The Prime Minister]

All donations are declared in the normal way. As the hon. Gentleman knows, if there are administrative changes to that they are quickly corrected.

[Mr David Davis (Haltemprice and Howden) (Con)]

To bring the Prime Minister back to the question asked, rightly, by my right hon. Friend the Member for North East Somerset (Sir Jacob Rees-Mogg), the opposition politician referred to is Nigel Farage, whose bank account was closed not because he was a PEP—a politically exposed person—or for commercial reasons, but because his views did not align with the values of Coutts bank: thinly veiled political discrimination and a vindictive, irresponsible and undemocratic action. In addition, Nat West also disclosed confidential details about Farage’s account to the BBC and lied about the commercial viability of his account, actions that should jeopardise its banking licence and should certainly worry Nat West’s 19 million other customers. The Prime Minister has told us what he will do in the future, but there are many other people in this circumstance. Will he require every bank with a British banking licence to inform the Treasury of all the accounts that they have shut down for non-commercial reasons in the last decade?

[The Prime Minister]

I know that my right hon. Friend has spoken to the Chancellor about this issue, and that he will continue to have those conversations. In the short term, having consulted on the payment service regulations, we intend to crack down on that practice by toughening the rules around account closures. In the meantime, the Financial Ombudsman Service is available for people to make complaints to, but I look forward to continuing the dialogue with my right hon. Friend, as does the Chancellor.