Oral Answers to Questions — Foreign and Commonwealth Office
Mark Simmonds (The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs; Boston and Skegness, Conservative)
I am grateful for the hon. Lady’s question. She is right to make the point that remittances are extremely important,
particularly as they relate to Somalia. But most Somali remittances are made through small scale businesses that operate in cash and do not have bank accounts. They will therefore be unaffected by a commercial decision by Barclays bank. However, the Government are taking the decision seriously. The Treasury, which is leading on this matter, the Department for International Development and the Foreign and Commonwealth Office are working to find a solution, and DFID is developing a pilot project to help secure international remittance channels.