Written Question·Treasury·UIN 197122
Bank Services: Interest Rates
Tabled: 1 September 2023
Answered: 7 September 2023
Question
Charlotte Nichols
Labour — Warrington North
To ask the Chancellor of the Exchequer, if he will make it his policy to require banks to offer interest rates on saving accounts at least at the level of the Bank of England interest rate.
Answer
Andrew GriffithThe Chancellor has made clear his expectation that savers benefit from rising interest rates. On 28 June, the Chancellor secured agreement with the regulators to act urgently in areas where consumers need most support. This included agreeing with the Fina...
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