Dormant Bank and Building Society Accounts Bill [Lords]
2:45 pm
Martyn Jones (Clwyd South, Labour)
I am grateful to the Minister for giving way again; he is very patient. The truth is probably somewhere between the hon. Member for Fareham’s position and mine, but I have still had hard evidence from one particular high street bank, which told me that it had £400 million in 2004. We are now talking about a figure of £450 million for all high street banks. The bank that I was talking about told me that it now has £50 million, so, somewhere, somehow, there has been a change in definition. Does my hon. Friend think that the proposed change to 15 years—the bank in question was probably using three years—would make much of a difference? If so, that may be the reason.