Debanking Complaints Are Spiking After Farage Furore

The volume of complaints in the UK about debanking increased by almost half in the last tax year, underscoring the interest Nigel Farage has drawn to the topic through his furious public response to the closing of his accounts.

There were 3,858 new account closure complaints in the year through March, up 44% from the previous year, according to figures provided to the UK’s Treasury Committee by the Financial Ombudsman Service, which settles complaints between consumers and lenders.