'I am a reputational risk': Richard Tice gets de-banked

By TalkTV's Richard Tice

It turns out that I am a reputational risk.

There's a story in the Sun about what I've learned from the return of my subject access request on the de-banking saga.

It came back to me from a bank in the city, where I was trying to organise a new loan. And I wanted to know why.

First of all, they approved it and said it was fine in the first investment committee, and then it went to the second committee. And what was supposed to be a rubber stamping exercise ended in it being declined. I thought at the time, that's very odd, because it just happened to be the day after I had written an article with Nigel Farage on why we wanted a referendum for Net Zero.

Anyway, so finally, we've got the subject access back. And as revealed in the Sun on Sunday. Yes, it says that I am a reputational risk.


I mean, what's risky about a bloke who's actually got a successful career in the world of business, someone who's built 1000s of homes for people to enjoy? And to live in? What's risky about that?

What's risky about creating 10s of 1000s of jobs, skilled jobs, trades, carpenters, plumbers, joining us in the world of construction and apprenticeships..Why is that a reputational risk?

Somebody who sold out before the crash of 2008. Someone who has created shareholder value, ran a big multinational listed business, tripled the share price in four years, created lots of shareholder value, attracted hundreds of millions of pounds of investment into the UK economy. Is that a reputational risk? Or is that something to be celebrated and encouraged to help grow the economy to help create more wealth to help create higher wages?

How is that for heaven's sake, a reputational risk? It is quite extraordinary. Maybe it was their concern that I'd helped win the largest ever democratic mandate in the 2016 referendum, or the reputational risk of helping to win a European election under proportional representation so that we have the largest party in the European Parliament. Is that a reputational risk? Or is that is that is that the sign of someone who could actually help make things happen and get stuff done?

Or is it the reputational risk of turning around a failing secondary school, turning it into an academy being the chair of governors, and helping it go from being the worst possible rating, requiring improvement to becoming outstanding?

We want people to be successful, to work hard to create jobs to create activity. I think what's happened here, in this situation, is you've got some 23 year old, straight out of university, he's probably done some useless utterly hopeless 'ology' style degree. And he said that I'm a reputational risk, and he's put it he's ticked the boxes in the forms. And he sent it up to his managers and the managers sent it to the people on the Investment Committee. And I didn't fit in all the boxes. And so they said, No, sorry. Sorry, Mr. Tice, you're just a reputational risk. What if you think that's bad enough?

Maybe you don't think is bad. You could say, well, that's your tough business for putting your head above the parapet and saying what you feel - but even those who are related to me, close family, relatives, children, children of cousins - they're all impacted when they try and open bank accounts, keep bank accounts, do other business, because they're related to someone who is a politically exposed person. It's unbelievable.

It damages our economy. It's not just a few pieces of paper - it pervades everything. Remember the environment, social and governance scores? No one had previously heard of it before. And then there's another thing called equality, diversity and inclusion regimes. Well, I've renamed these things. I think equality, diversity and inclusion actually stands for 'extremely damaging ideology.' That's what it stands for.

And this thing called environmental and social governance scores; I've renamed that to energy, sapping garbage. This isn't about me, it's about the impact across our lives, the impact on other people, the waste of time, the waste of effort, all this unproductive box filling nonsense.

It doesn't create any value. It doesn't create any useful jobs. It doesn't create any skills, up and down the country does it? It's utterly hopeless.

The truth is - if you want people to come into public life to do good things, to put their head above the parapet, and this is what happens, then don't be surprised when their families, their partners, their other halves, their kids, their cousins, their brothers, their sisters, they say, for heaven's sake don't, it's just going to be a pain in the backside for all of us.

This is what happens now, when you're looking for good candidates to stand up and down the country. They're having to put their head above the parapet, which should be welcomed to take part in the democratic process. But for too many that would love to, their family does not support them - and you can now understand why.

That is the opposite of everything we want in our society, in our country. If we want to get Britain back on track, then we've got to actually focus on getting some stuff done. It's not supposed to target families and relatives.

We have to start again by scrapping the whole politically exposed person rules and regulations. Sometimes things are so bad, you can't repair it. You've just got to scrap it, put it in the bin and start again, and make it a simple one page that we can all read and understand.

Move on. Take action.

The biggest risk in life is never taking one. Because if we don't take any risks, we're never going to make any progress. We're never going to get stuff done. We're never going to move forward.

The truth is, life is a risk. There's no fun and there's no progress by sitting in your bedroom, ordering a Deliveroo.

The biggest risk in life is never taking one.