Dame Alison must resign.Ī friend who used to be extremely senior at Coutts, and still keeps in touch with former colleagues, says that the scandal over the private bank terminating Nigel Farage’s account was “depressingly inevitable. Now, in a desperate attempt to stem the furore over Nigel Farage and his closed accounts at Coutts, she has emailed him to apologise. Last year, her pay packet was £5.25 million, a big chunk of that courtesy of the taxpayer, who owns 39 per cent of NatWest (and thus Coutts) since its bailout during the 2008 financial crisis. Not that paying the gas bill is much of a concern for Dame Alison. (Guess which country the UK now buys half of its oil and gas supplies from at a cost of £40 billion a year? Green purity don’t come cheap, you know.) Meanwhile, Norway, a country blessedly uncaptured by Marxist EDI – Equality, Diversity, Inclusion – zealots, is drilling like crazy in its part of the North Sea. On that very same day, the bank ended new loans for oil and gas extraction, a ruinous piece of virtue signalling which hampered the British people’s access to their own bountiful natural resources. “Put simply,” she said, “tackling the climate emergency is one of, if not the biggest issue of our time – and banks have a massive role to play in mobilising the power of finance to meet the net zero ambition”. No, it was apparent that Rose saw her role as primarily ideological rather than tediously financial. Had Rose misread the job spec? Did she think, perhaps, that she had assumed control of Extinction Rebellion rather than a leading capitalist institution? After Alison Rose was appointed the first female chief executive of RBS (later NatWest) in 2019, she announced that “tackling climate change would be a central pillar” of her leadership.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |