Written Question·Treasury·UIN 904246
Bank Services: Closures
Tabled: 14 May 2025
Answered: 20 May 2025
Named DayQuestion
Luke Myer
Labour — Middlesbrough South and East Cleveland
To ask the Chancellor of the Exchequer, what steps she is taking to help protect small businesses from bank account closures.
Answer
Emma ReynoldsBanking services fulfil a vital role for businesses across the UK. I recently laid legislation before Parliament which will require banks and other providers to give customers a longer notice period of 90 days before closing accounts and to provide a suff...
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