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The Reform UK leader Nigel Farage has settled his debanking dispute with NatWest Group, nearly two years after the closure of his accounts sparked a chain of events culminating in the resignation of the lender’s chief executive.

Sky News can reveal that Mr Farage and NatWest have agreed to resolve their row, with the bank thought to have agreed to pay him an unspecified sum in damages.

In return, Mr Farage is understood to have withdrawn the threat of potential civil and criminal proceedings against NatWest over the issue.

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Nick Candy, the Reform treasurer, is said to have played a key role in resolving the dispute between the two sides during mediation talks held at a London law firm on Tuesday.

Precise details of the settlement were unclear on Wednesday evening.

Responding to an enquiry from Sky News, Mr Farage and NatWest said in a joint statement: “NatWest Group and Nigel Farage MP are pleased to confirm that they have resolved and settled their dispute, and the bank has apologised to Mr Farage.

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“The terms of settlement are confidential.”

Mr Farage was originally expected to seek millions of pounds from the company, alleging that the debanking row had damaged his reputation.

The furore which claimed the scalp of Dame Alison Rose, NatWest’s former chief executive, in the summer of 2023 centred on whether the bank’s Coutts subsidiary had decided to close Mr Farage’s accounts for commercial or political reasons.

NatWest initially claimed the motivation was commercial, before Mr Farage obtained internal evidence from the bank suggesting that his political views had been a pivotal factor in the decision.

A subsequent – and inaccurate – BBC News report further exacerbated the controversy after it emerged that the journalist who wrote the story had sat next to Dame Alison at a charity dinner when the row was at its height.

It sparked a firestorm under the then Conservative government, with Rishi Sunak and Jeremy Hunt, the prime minister and chancellor respectively, indicating to NatWest’s board that they had lost faith in Dame Alison’s ability to lead the bank.

An emergency late-night board meeting led to Sir Howard Davies, who at the time was NatWest’s chairman, concluding that Dame Alison would need to step down – despite her having publicly apologised to Mr Farage for the bank’s treatment of him.

Since then, both have been replaced, with the former Ocado and MasterCard chairman Rick Haythornthwaite replacing Sir Howard, and Paul Thwaite now in his second year as the company’s chief executive.

NatWest has since reported a surge in profitability and is now on the verge of returning to full private sector ownership.

Earlier this week, it disclosed that the government now owns less than 4% of its shares, with the sale of its remaining holding expected by the early summer.

Then known as Royal Bank of Scotland Group and run by Fred Goodwin, RBS was bailed out in 2008 with £45.5bn of taxpayers’ money.

Its journey back to full private ownership has been a meandering one, and taxpayers will ultimately have lost billions of pounds on the government’s rescue deal.

On Wednesday afternoon, shares in NatWest closed at 463.9p, giving the bank a market capitalisation of over £37bn.

The stock has risen by more than 75% during the last year.

The debanking row which claimed Dame Alison’s job prompted the City watchdog to order a change to the treatment by financial institutions of so-called politically exposed persons (PEPs).

Since his initial promise to turn the issue into a mainstream battle against the major UK banks, Mr Farage’s status as one of Britain’s most influential politicians has been cemented.

He led Reform to a handful of seats at last year’s general election, while his party finished in second place in scores of other constituencies.

An opinion poll for Sky News by YouGov earlier this year put Reform ahead of both Labour and the Tories for the first time.

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Major incident declared in Birmingham as ‘17,000 tonnes’ of rubbish piles up

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Major incident declared in Birmingham as '17,000 tonnes' of rubbish piles up

A major incident has been declared in Birmingham over an ongoing bin strike, which has left around 17,000 tonnes of waste on the streets of the city.

Birmingham City Council said the “regrettable” step was taken in response to public health concerns, with picket lines blocking depots and preventing waste vehicles from collecting rubbish.

Members of Unite have been on all-out strike since 11 March in a row over pay, which the union claims will leave some members of staff £8,000 worse off. A series of walkouts have also impacted refuse collections since January.

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By declaring a major incident, the council will be able to increase the availability of street cleansing and fly-tip removal with an additional 35 vehicles and crews around the city.

This action will also allow the council to explore what further support is available from neighbouring authorities and the government to assist in the management of the situation.

Council leader John Cotton said it was a “regrettable” step, but the situation was “causing harm and distress” to local people.

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Birmingham suffers bin crisis

“I respect the right to strike and protest, however actions on the picket line must be lawful and sadly the behaviour of some now means we are seeing a significant impact on residents and the city’s environment,” he said.

Jim McMahon, the minister for local government, said the all-out strike by Unite members is causing “misery and disruption” to residents, as well as posing a “public health risk to the city’s most vulnerable and deprived”.

He said the government “stands ready” to respond to any request for extra resources, but insisted that any deal to end the bin strike must “maintain value for money”.

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‘They can’t hold the city to ransom’

Mr McMahon told the Commons: “This is causing a public health risk to the city’s most vulnerable and deprived residents. As a result, I am aware that Birmingham has today declared a major incident to give them the mechanisms to better manage the impact on local residents.

“I support that decision, and I will back local leaders.”

The minister added that the government will “not hesitate to give support in any way that Birmingham leaders need”.

He said: “If local leaders on the ground in Birmingham feel that tackling these issues goes beyond the resources available to them and they request national support, then of course we stand ready to respond to any such request.”

Members of the Unite union met with Birmingham City Council last Thursday, but talks have so far failed.

Unite says the dispute will not end unless the “hugely damaging” cuts to bin collectors’ wages are reversed.

But Birmingham City Council says the aim of the restructuring is to create a “modern, sustainable and consistently reliable waste collection service”.

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‘Extensive search’ under way for 11-year-old girl who fell into River Thames

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'Extensive search' under way for 11-year-old girl who fell into River Thames

An “extensive search” is under way to find an 11-year-old girl after she fell into the River Thames in east London.

The Metropolitan Police said it was called at around 1.15pm on Monday to reports the girl had entered the river near Barge House Causeway, near London City Airport.

All emergency services are forming a “large-scale response” to the incident.

The girl’s next of kin have been made aware and are being supported by officers.

The London Ambulance Service was also called at a similar time, after receiving a report of a person in the water at Lowestoft Mews, which is close to the airport.

“We sent resources to the scene, including an ambulance crew, an advanced paramedic, an incident response officer and members of our hazardous area response team,” a spokesperson said.

“Our crews assisted our emergency services partners at the scene but were later stood down.”

London Fire Brigade Deputy Assistant Commissioner Joseph Kenny added that “firefighters responded to reports of a person in the River Thames near Lowestoft Mews, Newham”.

He said crews from East Ham, Barking, Ilford and Bexley fire stations were sent to the scene alongside other emergency services.

“The brigade also deployed its drone team and fire boat as part of its response, with crews carrying out a systematic search of the area,” he added.

“The brigade was first called about the incident at 1.23pm. Search operations for firefighters were concluded at 3.49pm when responsibility for the incident was left with the police.”

This breaking news story is being updated and more details will be published shortly.

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Sentencing guidelines for ethnic minority suspects delayed after backlash

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Sentencing guidelines for ethnic minority suspects delayed after backlash

Controversial sentencing guidelines that were due to come into force on Tuesday have been delayed after a political backlash.

The Sentencing Council, the independent body that sets out sentencing guidance to courts in England and Wales, was due to bring in new rules around how judges should determine punishment for people from ethnic minority backgrounds.

The new guidance states that a pre-sentence report – the results of which are taken into account when considering a criminal’s sentence – will “usually be necessary” before handing out punishment for someone from an ethnic, cultural or faith minority, alongside other groups such as young adults aged 18 to 25, women and pregnant women.

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Shabana Mahmood, the justice secretary, had said the proposed guidance was “unacceptable” and amounted to “differential treatment before the law” as she urged the council to reverse it.

When the Sentencing Council initially refused her request, Ms Mahmood threatened to legislate to overturn the guidance if necessary.

She confirmed this evening that she would introduce legislation on Tuesday to block these guidelines coming into effect.

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Robert Jenrick has hit out at what he says is

The Sentencing Council has now delayed the “in force date of the guideline pending such legislation taking effect”.

It said in a statement that the council “remains of the view that its guideline, imposition of community and custodial sentences, as drafted is necessary and appropriate”.

However, in a meeting between the chairman Lord Justice Davis and Ms Mahmood on Monday, the minister “indicated her intention to introduce legislation imminently that would have the effect of rendering the section on ‘cohorts’ in the guideline unlawful”.

The council said it is unable to introduce a guideline when there is a draft bill due for introduction that would make it unlawful.

Ms Mahmood said: “This differential treatment is unacceptable – equality before the law is the backbone of public confidence in our justice system. I will change the law to ensure fairness for all in our courts.”

The Sentencing Council also attracted criticism from shadow justice secretary Robert Jenrick, who said its updated guidance was an example of “two-tier justice” that would lead to “blatant bias” against Christians and straight white men.

He also argued that it would make “a custodial sentence less likely for those from an ethnic minority, cultural minority, and/or faith minority community” – something the council denied.

The council previously rejected calls from the government to abandon the guidelines, which ask judges to consider offenders’ racial, cultural and religious background when deciding a sentence.

Lord Davis denied that pre-sentence reports reduced the prospect of a jail sentence.

However, he said the council would provide “some clarification of the language” to avoid confusion.

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