"Nigel Farage Urges Banks to Reconsider Account Closures"

UK Culture Secretary Lucy Frazer has expressed concern over banks potentially closing customer accounts for political reasons, following claims made by Nigel Farage that his bank was closing his accounts as an act of "serious political persecution" by an anti-Brexit banking industry. The government is currently investigating payment providers over account closures, and last year, Paypal closed accounts belonging to Toby Young, which were later reinstated. The government has initiated a review into payment services regulations, including the practice of banks closing accounts of individuals or businesses with differing views. Farage's bank, believed to be Coutts, cited a "commercial decision" for closing his accounts, and he has been turned down by seven other banks when attempting to open new accounts.