NatWest boss Dame Alison Rose has stepped down as chief executive effective immediately after she admitted to being the source of an inaccurate story about Nigel Farage’s bank account.
Her four-year tenure as chief executive has ended in ignominy over her admission that she had discussed Mr Farage’s bank details with a BBC journalist.
Sir Howard Davies, chairman of the NatWest Group, said on Wednesday that the board and Dame Alison agreed by “mutal consent” that she would step down from the role.
He said it was a “sad moment” and that Dame Alison has “dedicated all her working life so far to NatWest”.
In a statement, Dame Alison said: “I remain immensely proud of the progress the bank has made in supporting people, families and business across the UK, and building the foundations for sustainable growth.
Image: Dame Alison had held her position as NatWest Group chief executive for four years
“My NatWest colleagues are central to that success, and so I would like to personally thank them for all that they have done.”
The resignation was expected in the wake of briefings by Downing Street that she had lost the confidence of the prime minister and chancellor.
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Their concerns were echoed by Mr Farage, who accused the management of Coutts bank – which is owned by NatWest – of a “serious breach” and called Dame Alison’s position “totally untenable”.
The story first came to light when the BBC inaccurately reported Mr Farage’s account was closed as he did not meet Coutts’s financial thresholds.
Dame Alison said she believed it was public knowledge that Mr Farage was a customer of private bank Coutts and had been offered a NatWest account, and so confirmed these details to BBC business editor Simon Jack.
She later called her actions a “serious error of judgement” but reiterated that the bank saw the account closure as a commercial decision and that she was not part of the decision-making process.
On Monday, the BBC apologised for the report, following earlier apologies from both Coutts and Dame Alison.
As well as calling for Dame Alison to resign, Mr Farage said Coutts chief executive Peter Flavel must take “the ultimate responsibility for de-banking me based on my political views”.
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Coutts apologies to Nigel Farage
He added that Sir Howard “is responsible for overall governance” and had failed in this task by endorsing their conduct.
“In my view – they should all go,” he said.
Paul Thwaite, the current chief executive of the company’s commercial and institutional business, was announced as an interim chief executive, for an initial period of 12 months, pending regulatory approval.
The board said a process to appoint a permanent successor will take place in due course.
It comes as City minister Andrew Griffith is expected to meet with Britain’s largest banks and building societies on Wednesday morning to address concerns related to customers’ “lawful freedom of expression”.
An elderly British couple who were detained in a maximum security Taliban prison have arrived in the UK.
Barbie Reynolds, 76, and her husband Peter, 80, landed at Heathrow Airport on Saturday.
The couple were detained by the Taliban’s interior ministry on 1 February as they travelled to their home in Bamyan province, central Afghanistan.
They had been held without charge before being released from detention on Friday and flown to Qatar, where they were reunited with their daughter.
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Freed couple reunites with daughter
Richard Lindsay, the UK’s special envoy to Afghanistan, previously told Sky News it was “unclear” on what grounds the couple had been detained.
The UK government advises British nationals not to travel to Afghanistan.
Abdul Qahar Balkhi, a spokesperson at the Talibangovernment’s foreign ministry, said in a statement posted on X that the couple “violated Afghan law” and were released from prison after a court hearing.
He did not say what law the couple were alleged to have broken.
Sky correspondent Cordelia Lynch was at Kabul Airport as the freed couple arrived and departed.
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Sky’s Cordy Lynch speaks to released couple
Mr Reynolds told her: “We are just very thankful.”
His wife added: “We’ve been treated very well. We’re looking forward to seeing our children.
“We are looking forward to returning to Afghanistan if we can. We are Afghan citizens.”
The couple have lived in Afghanistan for 18 years and run an organisation called Rebuild, which provides education and training programmes.
They have been together since the 1960s and married in the Afghan capital in 1970.
More than 1,000 people crossed the Channel to the UK in small boats on Friday – the day after the first migrant was deported under the “one in, one out” deal.
The latest Home Office figures show 1,072 people made the journey in 13 boats – averaging more than 82 people per boat.
The number of people who have made the crossing so far in 2025 now stands at 32,103 – a record for this point in a year.
Ministers hope the deal will act as a deterrent, showing migrants they face being sent back to France.
But the scale of Friday’s crossings suggested the policy was so far having little effect on those prepared to make the risky crossing across the Channel.
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France deportations will ‘take time’, Peter Kyle said on Friday
The deal with France means the UK can send migrants who enter the UK on small boats back to France.
For each one returned, the UK will allow an asylum seeker to enter through a safe and legal route – as long as they have not previously tried to enter illegally.
The first flights carrying asylum seekers from France to the UK under the reciprocal aspect of the deal are expected to take place next week.
Although they would not comment on numbers, a Home Office source told the PA news agency they were expected to be “at or close to parity”, given the “one in, one out” nature of the deal.
The agreement came into force on 5 August, having been signed by both countries and approved by the European Commission.
Former British athlete Lynsey Sharp has told Sky News she would have won a bronze medal at the Rio Olympics in 2016 had today’s gender testing rules been in place then.
Sharp came sixth in the women’s 800m final behind three now-barred athletes with differences in sexual development (DSD).
She told sports presenter Jacquie Beltrao the sport has changed considerably from when she was competing.
“Sometimes I look back and think I could have had an Olympicmedal, but I gave it my all that day and that was the rules at the time,” she said.
“Obviously, I wish I was competing nowadays, but that was my time in the sport and that’s how it was.”
Image: Gold medallist Caster Semenya, with Lynsey Sharp and Melissa Bishop at the women’s 800m final at the 2016 Rio Olympics. Pic: Reuters
The Rio women’s 800m final saw South Africa’s Caster Semenya take gold, with Burundi’s Francine Niyonsaba and Margaret Wambui winning silver and bronze respectively. All three would have been unable to compete today.
Semenya won a total of two Olympic gold medals before World Athletics introduced rules limiting her participation in the female class.
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Image: Caster Semenya, Francine Niyonsaba and Margaret Nyairera at the women’s 800m final at the 2016 Rio Olympics. Pic: Reuters
Image: The women’s 800m final at the 2016 Rio Olympics. Pic: Reuters
In a major policy overhaul introduced this year, World Athletics now requires athletes competing in the female category at the elite level of the sport to take a gene test.
The tests identify the SRY gene, which is on the Y chromosome and triggers the development of male characteristics.
The tests replace previous rules whereby athletes with DSD were able to compete as long as they artificially reduced their testosterone levels.
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From March: Mandatory sex testing introduced for female athletes
Sharp says while she was competing, governing bodies “didn’t really deal with the issue head on”, and she was often portrayed as a “sore loser” over the issue.
Despite running a Scottish record in that race, her personal best, she described the experience as a “really difficult time”.
“Sadly, it did kind of taint my experience in the sport and at the Olympics in Rio,” she said.
Sharp added that despite the changes, it remains a “very contentious topic, not just in sport, but in society”.
Boxing has now also adopted a compulsory sex test to establish the presence of a Y chromosome at this month’s world championships.
The controversial Olympic champion Imane Khelif, who won Olympic welterweight gold in Paris 2024 in the female category, did not take it and couldn’t compete.
She has appealed to the Court of Arbitration for Sport against having to take the test.
Image: Britain’s Keely Hodgkinson at the World Athletics Championships in Tokyo. Pic: Reuters
Sharp’s comments come as British athletics star and Olympic champion Keely Hodgkinson is tipped to win her first world title in Sunday’s women’s 800m final at the World Athletics Championships in Tokyo.
She is returning from a year out after suffering two torn hamstrings.