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United Kingdom · Question · Written question

UIN 5936

Personal Savings: Interest Rates

answeredUnited Kingdom· UK Parliament· EN

Introduced

8 December 2023

Last action

13 December 2023 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

13 December 2023

Summary

To ask the Chancellor of the Exchequer, if he will hold discussions with major banks on interest rates on savings accounts compared to other financial institutions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 December 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will hold discussions with major banks on interest rates on savings accounts compared to other financial institutions.

    Source: Commons

  2. 13 December 2023

    Answer

    The Chancellor has made clear his expectation that savers benefit from higher interest rates, and earlier this year he secured agreement from the FCA to review the savings market. The review was published in July and set out 14 actions for the FCA and fir...

    Source: Written answer

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