United Kingdom · Question · Written question
UIN 906206
Banks: Profits
Introduced
29 August 2023
Last action
5 September 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
5 September 2023
Summary
To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of interest rates on profits in the banking sector.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
29 August 2023
Written question
To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of interest rates on profits in the banking sector.
Source: Commons
5 September 2023
Answer
UK banks’ profitability has increased as a result of higher interest rates.That said, increased competition in deposit rates offered by UK banks and macroeconomic uncertainty are likely to put downward pressure on banks’ profits.The 2022/2023 Bank of Engl...
Source: Written answer
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
No documents linked.
Sponsors
- · Treasury · Answering body
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-08-29/906206
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1658017
- uk · wq-1658017 · source updated 5 September 2023