Written Question·Treasury·UIN 31915
Credit Unions
Tabled: 21 February 2025
Answered: 3 March 2025
Question
Mark Garnier
Conservative — Wyre Forest
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of taking legislative steps to allow credit unions to access the Bank of England’s liquidity facilities.
Answer
Emma ReynoldsCredit unions are not currently eligible to access the Bank of England’s liquidity facilities, but the Bank continually assesses the types of firms that are eligible. The Government has made clear its strong support for the credit union sector, recognisin...
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