PARLIAMENTARY WRITTEN QUESTION
Bank Services (10 July 2014)
Question Asked
To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of people without a bank account in (a) Hounslow, (b) London and (c) the UK in each of the last five years.
Asked by:
Seema Malhotra (Labour)
Asked by:
Seema Malhotra (Labour)
Answer
The Government has made no such estimate.
The Government is committed to improving access to financial services. To this end the major UK banks voluntarily offer basic bank accounts alongside their other retail current accounts.
As recommended by the Parliamentary Commission on Banking Standards, the Government is currently taking forward discussions with the banking sector to seek a voluntary agreement on renewed minimum standards for basic bank accounts.
Answered by:
Andrea Leadsom (Conservative)
17 July 2014
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