infrastructure, as the artificial intelligence race heats up. 0ver artificial intelligence race heats up. over to britain now, where former ukip leader nigel farage has called for further changes at natwest, following the resignation of the bank s chief executive, dame alison rose. she had stepped down after admitting she was the source of an inaccurate bbc story about the closure of his account at natwest s private banking arm, coutts. 0ur economics correspondent has more. dame alison rose, the natwest boss who has stepped down over the row about closing nigel farage s account. she admitted she told the bbc it was a commercial decision, but had incorrectly denied it reflected his political views, too. she was seen as a highly experienced banker, a safe pair of hands to handle the accounts of hands to handle the accounts of millions, until now. the first rule of millions, until now. the first rule of of millions, until now. the first rule of banking - of millions, until now. the fir
7.9%. but it is starting to fall and with that in mind, the market is pointing toward a 25 basis point hike more than 50 but inflation is still four times the bank of england target 2% rate so possibility of a jumbo target 2% rate so possibility ofajumbo hike target 2% rate so possibility of a jumbo hike really does still exist. of a jumbo hike really does still exist. ., ., ., still exist. fiona, always good to see you. still exist. fiona, always good to see you, thanks still exist. fiona, always good to see you, thanks to - still exist. fiona, always good to see you, thanks to joining l to see you, thanks to joining us. to the uk now where brexit campaigner nigel farage is calling for the entire board of banking giant natwest to resign after chief executive dame alison rose stepped down in the early hours of wednesday morning. dame alison has admitted she was the source of an inaccurate bbc story about the closure of mr farage s accounts at natwest s private banking arm, cou
because of the prevarication and the resistance which is very, very clearly still there. the chancellor will give evidence on friday. the inquiry findings are due in the autumn. hugh pym, bbc news. the former ukip leader nigel farage has called for further changes at natwest, following the resignation of the bank s chief executive dame alison rose. she stepped down overnight after admitting she was the source of an inaccurate bbc story about the closure of his accounts at natwest s private banking arm, coutts. she d claimed nigel farage didn t meet the financial criteria for an account but it subsequently emerged his political views were also a factor. our economics correspondent dharshini david reports. dame alison rose, the natwest boss who stepped down over the row about closing nigel farage s account. she admitted she told the bbc it was a commercial decision, but had incorrectly denied that it
for the personal hurt. the board of the bank has considered all of this and says it still has full confidence in her as chief executive. however, she is going to see some impact on her pay and bonus. the financial regulator in the uk says it is going to wait and see the outcome of an investigation the bank has now ordered, an independent review, so wait and see what happens there. in the meantime mr farage is currently on air with his own programme on a different channel and he has expressed concern that there are contradictions in the report so this saga has further to run but waves are being created around the city of london as the chief of natwest admits to being that source. let s get more now with francis coppola, a writer on fine and, banking and economics. let s start with your reaction to the most recent revelation that the natwest boss was in fact the source of this
and it s not unusual for bank bosses to meet with the treasury, but given the context of this, that s why it s very poignant. tell us a bit about how we got here. that s right. so well, actually, the government s been looking into this whole issue for quite some time. but of course, as you mentioned, there has been a spotlight on all of this recently because of the row involving nigel farage, who is the former ukip leader and brexit campaigner. now his account was closed by coutts, which is the private bank that s run, owned by natwest. now, mr farage said that he thought his account had been shut because of his political views. he subsequently obtained a document relating to his suitability as a coutts customer, and that document flagged concerns that mr farage was xenophobic and racist and there was reputational risk in having him as a client. natwest boss, which is dame alison rose, has since apologised to mr farage for these comments that she said were deeply inappropriate. but mr