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1329141
registered interest false more like this
date less than 2021-05-27more like thismore than 2021-05-27
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Bank Services: New Businesses more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of high street banks refusing new business account applications; and what steps they plan to take as a result. more like this
tabling member printed
Viscount Waverley more like this
uin HL691 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-06-07more like thismore than 2021-06-07
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.</p><p> </p><p>Decisions about what products are offered to individual businesses remain commercial decisions for banks and building societies. It would be inappropriate for the Government to intervene in these decisions. But the Government has always been clear that lenders should open to new customers where it is operationally possible for them to do so.</p> more like this
answering member printed Lord Agnew of Oulton more like this
question first answered
less than 2021-06-07T12:58:39.887Zmore like thismore than 2021-06-07T12:58:39.887Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
1744
label Biography information for Viscount Waverley more like this