Treasury written question – answered at on 6 July 2011.
To ask the Chancellor of the Exchequer
(1) what recent discussions he has had with representatives of the financial services industry on steps to ensure transparency in the description of financial products for consumers; and if he will make a statement;
(2) what steps he is taking to facilitate UK bank account holders switching personal current accounts between banks; and if he will make a statement.
The Government have an ongoing dialogue with the banking and financial services community.
The Government established an Independent Commission on Banking to examine a range of issues, including competition in the retail banking and personal current account markets. The Government welcome the progress that the Commission has made and look forward to receiving its final report in September 2011.
Yes2 people think so
No1 person thinks not
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