Proactive Investors - NatWest Group PLC (LON:NWG)'s payment to ex-boss Dame Alison Rose is a "sick joke," claims former leader of UKIP, Nigel Farage.
"This is the corrupt British establishment looking after its own," he said.
The £2.4m payout to Dame Alison Rose is a sick joke. This is the corrupt British establishment looking after its own. pic.twitter.com/EljcDWlA3U— Nigel Farage (@Nigel_Farage) August 23, 2023
Farage was reacting to news that the high street lender will pay around £2.4 million to its former chief executive, who was forced to resign over her role in Farage's 'debanking' scandal.
In a statement, the lender said it would still pay her £1.155 million in salary for the year, £1.155 million in NatWest shares, which she will receive over a five-year period, and £115,566 in pension payments – a total of around £2.43 million.
Rose is currently seeing out her 12-month notice period with the banking group.
She stepped down in July after she admitted to being the source of an inaccurate story about Farage’s finances following a discussion with a BBC journalist, Simon Jack.
Jake Berry, Conservative MP for Rossendale and Darwen called it a "disgraceful reward for failure in this largely taxpayer owned bank".
"No decisions have been made in respect of Ms Rose's share awards or any other remuneration matters," NatWest said.