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The Latest Breaking News from Andrew Griffith

Oil hits $90 per barrel as Saudi Arabia and Russia extend production cuts; UK business activity falls – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits its highest level of 2023

The Guardian - UK

Government will not force shops to take cash, Rishi Sunak confirms

Rishi Sunak said it is not ‘appropriate’ for the government to ‘impose on individuals how they should do business’

The Independent UK

NS&I launches new issues of savings products with rates of more than 6%

NS&I has launched new issues of its one-year Guaranteed Growth Bonds and Guaranteed Income Bonds from Wednesday.

The Independent UK

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Banks to be fined if they fail to provide free cash machines that actually work

Free cash machines should be no more than one mile away in cities or three miles away in rural areas, under the new government measures

The Independent UK

Treasury plans assure access to cash facilities

The FCA has been given powers to protect the provision of cash access services.

The Independent UK

Buy now, pay later firms stay unregulated – and Britons are racking up debt

Estimates suggest one in 10 consumers who use companies such as Klarna and Clearpay end up with debt collectors as no safeguards in place

The Guardian - UK

NatWest chair quitting over Coutts row would not be ‘helpful’, says City minister

Andrew Griffith backs Sir Howard Davies staying in post after resignations of chief executive and head of private banking arm

The Guardian - UK

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UK Banks Commit to "the Principle of Non-Discrimination Based on Lawful Freedom of Expression" as to Clients

From The Independent (UK): Economic secretary Andrew Griffith told the bosses of some of the UK's biggest banks on Wednesday that it is important to protect freedom of expression…. It came after former politician Nigel Farage's bank account with Coutts—a bank for the ultra wealthy—was closed. The account was shut…

Reason

Coutts chief quits and crisis wipes £1bn off NatWest shares

Ousting of private bank’s chief may not be final departure as future of NatWest Group chairman looks uncertain

The Guardian - UK

OPINION - Russophobia is now the secret weapon of corporate hypocrites

Until yesterday, you’d have been forgiven for thinking the outcome of the Coutts-Nigel Farage debacle was a lecture on customer service. City minister Andrew Griffith summoned our banks for a little chat, as if they were naughty school children who’d written swear words on the board.

Evening Standard

Treasury officials weigh 40-year mortgages to help first-time buyers

Long-term fixed-rate deals are popular in the Netherlands and Denmark and protect borrowers from interest rate spikes

The Independent UK

NatWest was caught out by Nigel Farage’s deft political game

Tory anger over Coutts affair led to bank’s board feeling it had no choice but to sack CEO Alison Rose

The Guardian - UK

Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit

Concerns raised over anonymous briefings that triggered early-hours resignation of Dame Alison Rose

The Guardian - UK

NatWest sees £850m wiped from its value after Nigel Farage calls for heads to roll

Dame Alison Rose’s overnight decision to quit after leaking a story about Nigel Farage’s bank account to the BBC rocked NatWest and the wider banking sector

The Independent UK

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The Independent UK

Now pressure builds on Coutts boss after NatWest CEO quits over Farage scandal: ‘Unsustainable at every level’

The former Brexit Party leader said he wrote to the boss of Coutts three times after hearing his account would be closed, but was ‘not given the courtesy of a response’

The Independent UK

Nigel Farage calls for entire NatWest board to go after boss quits over banking row

‘In my view, they should all go,’ the former UKIP leader said as Alison Rose steps down

The Guardian - UK

Data watchdog to investigate complaint after NatWest boss discussed Nigel Farage details – as it happened

Live coverage of business, economics and financial markets as bank ousts chief executive Alison Rose following government intervention

Evening Standard

Nigel Farage calls for wider ‘cultural change’ at NatWest after boss quits

The former Ukip leader has hit out at the wider NatWest Board

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The Independent UK

Farage calls for wider ‘cultural change’ at NatWest after boss quits

Speaking to the PA news agency early on Wednesday, the former Ukip leader hit out at the wider NatWest Board.

The Independent UK

‘Significant concerns’ in Downing Street as NatWest boss quits over Farage leak

Dame Alison Rose resigns after admitting ‘serious error of judgment’

The National (Scotland)

BBC apologises to Nigel Farage over 'inaccurate' reporting of bank account closure

A SENIOR BBC journalist has apologised to Nigel Farage after suggesting that the former Ukip leader lacked the funds to maintain a bank account…

The Guardian - UK

Pound on worst run since March 2020 with UK economy ‘close to stalling’; some Gatwick strikes suspended – as it happened

UK private sector growth slowed to six-month low this month, while DHL workers have cancelled Gatwick strikes and other strikes are suspended

The Guardian - UK

City minister summons UK bank bosses to discuss Farage account closure

Andrew Griffith raises ‘significant concern’ after Coutts judged ex-Ukip leader ‘did not align’ with its values

The Guardian - UK

Bank rule changes after Nigel Farage furore could tip off criminals, say experts

Plans to make closure of accounts more transparent may ‘undermine’ measures against money laundering

The Guardian - UK

Sunak, Braverman and City regulator wade into Farage banking row

FCA chief says banks cannot ‘discriminate’ against political views, but chair argues it’s up to Coutts ‘who they do business with’

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