Clause 16
Saving Gateway Accounts Bill
9:15 am
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
I am not entirely convinced by the Economic Secretary’s argument and neither was I convinced by the arguments made by some of the potential account providers at the evidence session. The Economic Secretary occasionally accused me—jokingly, I think—of being the banker’s friend in debates on the Banking Bill. I was not entirely convinced by the evidence that potential account providers gave that they might wish to offer higher rate accounts and a cash ISA. I hope that my scepticism is ill founded and that in reality, they will offer higher rate accounts. The Economic Secretary has said that he will keep this under review.