NatWest boss Alison Rose resigns. Why now?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.4 • 2.2K Ratings

🗓️ 20 May 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Natasha Feroze speaks to Kate Andrews and Fraser Nelson about the sudden decision for the NatWest boss Alison Rose to hand in her resignation. Prompted by the Nigel Farage Coutts bank account scandal, the bank's CEO faced mounting pressure to resign after late last night No.10 said they had serious concerns over the bank's actions. But why does the government play a role in this decision? And will there be more resignations to come?

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Transcript

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0:00.0	The spectator combines incisive political analysis with books and arts reviews of Unrivaled Authority.
0:06.2	Subscribe today for just £12 and receive a 12 week subscription in print and online
0:11.7	and get a £20 Amazon gift voucher absolutely free. Go to spectator.co.uk slash summer.
0:22.1	Hello and welcome to Coffee House shots, the spectators daily politics podcast.
0:26.6	I'm Natasha Froze and I'm joined by Fraser Nelson and Kate Andrews.
0:31.4	Well last night it looked as if the Nat West boss, Alison Rose, was not going to resign after
0:38.0	mounting pressure from following the Nigel Farage Coot's bank scandal. This morning she has resigned.
0:44.8	Fraser what changed? Well that's a very good question because the statement came out quite
0:50.8	late in the evening that she would basically admitted being the source for the BBC story,
0:55.3	but said she didn't really say anything untoward and I think that wasn't in the public domain.
0:59.7	She said her fault was that she mentioned it at all. In other words she was missing a little bit
1:04.1	of wrongdoing but not that much. Then most importantly the Nat West board so they stood full square
1:10.0	behind her that she had their full support. Then bizarrely at two o'clock in the morning we hear
1:16.2	that she's resigned. So something happened then yesterday evening. Now I've got absolutely no idea
1:22.8	but I would wager a bet because when the paper is emerged and you know you can get to
1:28.1	more of his papers from about 10 o'clock the previous evening it was chalk full of cabinet quotes
1:33.6	from ministers saying that she'd behaved bombably that she hadn't been transparent that it was
1:38.3	time for her to go and then you had the BBC basically challenging her version of events.
1:44.4	She was effectively saying that she hadn't revealed very much information. The BBC off the record
1:49.5	quotes were saying not only had she revealed a lot more than she gave on but they'd actually
1:54.6	gone back to her to stand up a story to make sure of the quotes and she knew that they were about
1:59.3	to write a story about Nigel Farage. So that if true would have taken client confidentiality to
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