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Reform UK leader Nigel Farage speaks during a Reform UK rally at Newark Showground in Coddington, Nottinghamshire, January 19, 2026
REFORM boss Nigel Farage has pledged to take personal revenge on the banking system by scrapping the interest payments the big banks get from the Bank of England.
Mr Farage said the move would save £40 billion for the public purse, money paid out under the Bank of England’s quantitative easing programme.
Speaking in Davos he said: “We are going to do it. Some of the banks won’t like it. Well, I don’t like the banks very much because they debanked me, didn’t they?
“This will be tough for banks to accept, but I am sorry the drain on public finances is just too great. It’s not a tax — they are just not going to get free money anymore.”
Coutts Bank tried to close Mr Farage’s account because of his political views in 2023, a move eventually reversed by the bank’s corporate parent, NatWest.
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