Santander Closures and Local Communities — [Philip Davies in the Chair]

Part of Backbench Business – in Westminster Hall at 4:09 pm on 14th February 2019.

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Photo of Jonathan Reynolds Jonathan Reynolds Shadow Economic Secretary (Treasury) 4:09 pm, 14th February 2019

I am very grateful. The idea of banks collaborating and having hubs that would be the joint front end of their back-office functions comes up time and again, but it has not happened. There is no work being done to deliver that. Surely, there are issues to do with competition law, regulatory compliance and liability for mis-selling that simply make it quite unlikely. That is why a serious alternative is required.