NatWest is preparing to cancel millions of pounds of bonuses and share awards due to go to former boss Dame Alison Rose following the Nigel Farage Debanking scandal.

The bank hopes the investigation into the closure of the former Ukip leader’s account with NatWest-owned Coutts bank will be completed by the end of this month.

Any final decisions on cancelling Rose’s payments have yet to be made, sources told Sky News.

Rose stepped down from the state-backed lender at the end of July after admitting she had inaccurately briefed a For the latest headlines, follow our Google News channel