establishment close farages bank accounts

The reason can be anything. Couts don't actually close peoples accounts for drifting under 1 million as a matter of policy - such a policy would be unworkable and there is no reason to do so. Most of this is nonsense. You don't close the accounts of major political figures accidentally - so it was purposeful.

Interestingly, Couts is owned by a major bank which is effectively significantly state owned.

If Farage is lying it could seriously harm his reputation.

I did not realise others are losing their accounts too over who they know which seems bizarre as they already have anti-money laundering measures.  Is this certain corporates not wanting to deal with certain types of individuals or a business decision that as person A falls under their recognised PEP status they have to undertake more work. If the latter they could be open and state as a PEP there is an account opening charge.

It is interesting that this discriminatory behaviour to customers has been going on for years, Lord Nigel Lawson's grand daughter is denied an account because her grandfather was Chancellor of the Exchequer, the loud mouthed Katy Hopkins has had her banked account withdrawn and David Davis has raised this issue in the House to no avail.
Farage has quite rightly decided to take the Banks on, and he is a clever bloke, look at the situation, it was being ignored until last week, now the media, the HoC , all political commentators are talking about it.

Farage is very shrewd, he picks his battles and has a track record of winning.

Those who feel that this behaviour by the Banks towards Farage is acceptable are seriously weird, this is about the rights of citizens, but of course because it is about Farage they think it is ok.

Nigel Farage is a functional alcoholic who has made a career out of telling lies. His great achievement was to lie to the country before the referendum that the UK was about to become flooded with Muslims from Turkey (at a time when ISIS was carrying out a terrorist campaign in Europe).

That's the entire sum of his achievements. When a member of the EU Parliament, he was a Putin enabler. He failed to gain a seat in Parliament 7 times.

Yes, I hope my premium millionaire's account never falls below the £3,000,000 minimum threshold too.

If it ever does we'll have a whip round darling.
No one wants to see you suffer that indignity.

So, Farage, a pubic figure, lied about the reasons his account was closed, and you think the courts are going to award meaningful damages against the party who exposed his lies? 

I hope Farage sues the bank. He's unlikely to recover anything but a nominal sum in damages, and he will be extremely lucky if he even recovers his costs. It will be ruinously expensive. Go for it, Manfrog!