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Nigel Farage will next week begin a formal legal fight with NatWest Group and its former boss as he seeks millions of pounds in damages over the debanking scandal which escalated into a crisis for the state-backed lender.
Sky News has learnt that Mr Farage, the former UKIP leader, has instructed London-based Grosvenor Law to act for him in a claim against both NatWest and Dame Alison Rose, who stepped down as its chief executive in July after admitting having discussed his personal banking arrangements with a BBC journalist.
Initial legal letters are expected to be issued by Mr Farage’s lawyers during the course of next week, they indicated this weekend.
One source said he was expected to seek a total sum worth millions of pounds for damage to his reputation and to cover his legal costs.
In a statement issued to Sky News shortly before flying to Australia to compete on the ITV entertainment show I’m A Celebrity, Mr Farage said: “For all their lies and deceptions towards me, and their illegitimate debanking of tens of thousands of innocent people, NatWest and its former CEO, Dame Alison Rose, need to be held to account.”
The claims are expected to be filed just days after NatWest confirmed that it was cancelling the bulk of Dame Alison’s potential £10m-plus severance package.
More than £7.5m of share awards and bonuses were cancelled after the bank declared that she was not a “good leaver”.
It also said there had been “no finding of misconduct” against her, making her eligible to receive payments during her 12-month notice period expected to amount to approximately £3.2m.
Mr Farage posted on the social media platform X on Friday that he was “instructing lawyers to take action against NatWest Group” and would “aim to turn this into a class action as so many others have been wronged”.
The disclosure that he intends to sue Dame Alison personally underscores Mr Farage’s determination to secure reparation for what he has labelled a major…
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