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United Kingdom · Question · Written question

UIN 37529

Small Businesses: Bank Services

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

21 July 2021

Last action

6 September 2021 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

6 September 2021

Summary

To ask the Chancellor of the Exchequer, what recent discussions his Department has had with representatives of UK banks on the adequacy of the process for new small businesses to open business bank accounts.

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Timeline

  1. 21 July 2021

    Written question

    To ask the Chancellor of the Exchequer, what recent discussions his Department has had with representatives of UK banks on the adequacy of the process for new small businesses to open business bank accounts.

    Source: Commons

  2. 6 September 2021

    Answer

    Decisions about what products are offered to individual businesses remain commercial decisions for banks and building societies. It would be inappropriate for the Government to intervene in the processes that accompany such commercial decisions. However, ...

    Source: Written answer

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