To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that access to savings accounts is not unreasonably restricted.

The Government is committed to encouraging and empowering individuals to save, including by improving access to banking and the transparency of financial products.

Budget 2014 announced a radical package of measures to support savers at all stages of their lives. These measures reduce taxes for the lowest income savers; reform the ISA regime to give savers greater flexibility as to where and how they save their money; and create new products to help retired savers see a better return.

Following the recommendations of the Sergeant Review of Simple Financial Products, the Government has also been driving – and will continue to drive – the financial services industry to design and bring to market further simple and transparent savings products which are fit for purpose and which consumers can more easily understand and trust, and to remove any other barriers to ensuring individuals can access an appropriate mix of financial services.