Dr Kieran Mullan

Dr Kieran Mullan

Conservative — Bexhill and Battle

Speaking in the House of Commons on 16 July 2025

Debate

Financial Services Reform

Contribution

Given the news on inflation today, along with the ongoing increases in unemployment and the downgrading of growth forecasts, it is quite right that this Government are looking for other ways to stimulate growth. One of the reasons being put forward for these reforms is the poor rates of return on ordinary bank accounts and savings accounts, but what my constituents want are just decent rates of return on ordinary savings accounts. Martin Lewis and others have pointed out that that market remains stubbornly resistant to passing on interest rate savings and offering competitive rates. I understand why the Government want to encourage people to invest in other types of savings, but what plans do they have to tackle the poor rates of return that people are getting from their ordinary savings and bank accounts?

More from Dr Kieran Mullan

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Dr Kieran Mullan's full parliamentary record including voting history, expenses and all other contributions, see the Dr Kieran Mullan report card.