UK banks have been warned by Rishi Sunak not to close individuals’ accounts for political reasons, following a dispute involving Nigel Farage. Farage recently claimed that his bank, Coutts, had closed his accounts without explanation, alleging political persecution. The government is now investigating whether banks are closing accounts based on political views. The Treasury has asked the Financial Conduct Authority (FCA) to review the treatment of politically exposed persons (PEPs) by financial institutions. The Prime Minister’s spokesperson expressed concern over reports of account closures and emphasized the importance of free speech within the law. Conservative MP David Davis called for clear rights and an appeals process for account cancellations. Other individuals affiliated with the Brexit Party have also reported frozen accounts. The Free Speech Union has been lobbying the Treasury to prevent debanking based on political views. The BBC reported that Farage’s account was closed due to his funds falling below the required threshold for Coutts. However, this claim has not been verified. Coutts requires customers to meet certain financial criteria to hold accounts with them. Farage accused Coutts of dishonesty and denied being a politically exposed person. Coutts has not provided comment on the matter.