Clause 6
4:45 pm
Stephen Ladyman (South Thanet, Labour)
There was a hint in the evidence session—although without going through, the transcript I cannot put my finger on where I got this impression—that some of the banks might wish to limit the gateway saving accounts to people who already have some sort of account with them, such as a basic bank account. Is my hon. Friend saying that they will not be allowed to do that? One of the banks certainly gave the impression that it would only market to existing account holders. Does he have a view as to whether providers should market more widely than their existing customer base?