The United Kingdom tightens bank account closing regulations.

The finance ministry has announced that British banks must explain and delay account closures due to concerns about banks blacklisting people for their political views.

Brexiteer Nigel Farage claimed banks were blacklisting people for their political views, leading to an investigation.

NatWest CEO Alison Rose apologized for Farage’s treatment and confirmed the bank’s alternate account offer.

The government responded by requiring banks to explain closures and give consumers 90 days to appeal to the Financial Ombudsman Service or find a new bank.

Economic Secretary to the Treasury Andrew Griffith emphasized the importance of balancing banks’ commercial interests with the right for everyone to express themselves freely.


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