The Nigel Farage-Coutts debanking fiasco has thrown up many troubling aspects of modern British society. The first issue is that, without the knowledge of their customers, the banks have taken it upon themselves to select who should be their customers on certain criteria even though – for certain basic banking services- discrimination on any grounds is illegal. In this sense, Farage has done the public a great service by highlighting his own case, which in turn has prompted thousands of other bank customers to reveal that they too have been debanked for no obvious reason from other banks as well as NatWest.

The second problem is that the banks have decided they have the power to collate confidential information on their clients without their knowledge, and to drop them if their values do not suit those of the bank, as the Coutts dynamite dossier on Farage showed so vividly. There are of course cases where gathering information on clients is essential, such as customers suspected of money-laundering or terrorism. But that their information gathering appears to also extend to standard customers beggars belief. The third issue raised by this move by banks to debank – in itself rather ironic – is that having a bank account is the most basic of utilities, and it is impossible to exist today without access to what in effect has become electronic banking.