United Kingdom · Question · Written question
UIN 22487
Interest Rates
Original
Introduced
21 June 2022
Last action
27 June 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
27 June 2022
Summary
To ask the Chancellor of the Exchequer, what steps he is taking to help ensure that banks are passing on the interest rate increase to their customers.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
21 June 2022
Written question
To ask the Chancellor of the Exchequer, what steps he is taking to help ensure that banks are passing on the interest rate increase to their customers.
Source: Commons
27 June 2022
Answer
The pricing of financial products is a commercial decision for firms and the Government does not seek to intervene in such decisions. The independent Monetary Policy Committee (MPC) of the Bank of England makes monetary policy decisions independently of t...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-06-21/22487
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1471981
- uk · wq-1471981 · source updated 27 June 2022