Reform UK asks BoE to provide services after account closure

The leader of Reform UK, formerly the Brexit Party, is calling on the Bank of England to provide banking services after Metro Bank said it would close the party’s account.

According to a report by the Evening Standard, party leader Richard Tice plans to write to the governor of the central bank to ask it to secure bank accounts for parties that can’t find them elsewhere.

Tice claimed that Metro Bank’s choice to close down the account was “unprecedented” and due to “political pressure” at a press conference earlier this week.

He said he hopes another bank will step up to provide banking services but that he still plans to make a request to the Bank of England.

Metro Bank told the free newspaper that it regularly shuts down accounts that are no longer commercially viable and that the decision to close Reform UK’s bank account was for commercial reasons. It added that the bank is politically neutral.

“This is not in the ordinary course of business,” said Tice on Monday. “This is not because they considered that it was not commercially viable. This is extraordinary, this is unprecedented, and it is without question in my mind, the result of political pressure.”

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