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1349239

	registered interest
	date	21/07/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to support small business owners, who have established their business during the covid-19 outbreak, to open business bank accounts.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	37530
	answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>Throughout the COVID-19 pandemic, there has been unprecedented demand for banking services, this accompanied with working restrictions due to social distancing has meant banks have faced significant capacity pressures which has limited their ability to meet demand for their services. Banks are doing all they can to meet this demand in these difficult circumstances, and the Government has always been clear that lenders should open to new customers where it is operationally possible for them to do so.</p><p> </p><p>I sympathise with businesses opening their businesses during the pandemic, but decisions about which documentation is required from individual businesses remain commercial decisions for banks and building societies. It would be inappropriate for the Government to intervene in these decisions.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 37531 37532 question first answered 06/09/2021 12:47:32 answering member 4051 label Biography information for John Glen
	tabling member	4488 label Biography information for Martyn Day

1349240

	registered interest
	date	21/07/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the adequacy of procedures for new small businesses attempting to open a business bank account including the requirement to submit documentation not readily available, such as formal business contracts.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	37531
	answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>Throughout the COVID-19 pandemic, there has been unprecedented demand for banking services, this accompanied with working restrictions due to social distancing has meant banks have faced significant capacity pressures which has limited their ability to meet demand for their services. Banks are doing all they can to meet this demand in these difficult circumstances, and the Government has always been clear that lenders should open to new customers where it is operationally possible for them to do so.</p><p> </p><p>I sympathise with businesses opening their businesses during the pandemic, but decisions about which documentation is required from individual businesses remain commercial decisions for banks and building societies. It would be inappropriate for the Government to intervene in these decisions.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 37530 37532 question first answered 06/09/2021 12:47:32 answering member 4051 label Biography information for John Glen
	tabling member	4488 label Biography information for Martyn Day