Bank Services: Reviews
The question
To ask the Chancellor of the Exchequer, how individuals and small businesses can contribute to the Access to Banking Services Review.
Answered by Rachel Blake
The Government is committed to ensuring that people can continue to access in-person banking services. In addition, small businesses are an important and diverse part of the UK economy and supporting their growth, including their access to suitable banking services for their needs, is a priority for the Government.
That is why, on 14 May, the Government commissioned an independent Review into Access to Banking Services, chaired by Richard Lloyd OBE.
The Review will assess the impact of changes in the provision of in-person banking services across the United Kingdom, including the scale and nature of any detriment to consumers arising from a lack of access, with a particular focus on vulnerable groups. The evidence gathered will inform decisions on whether future action is needed.
The Review will seek input from market participants and consumer representatives, and may also consult Government and regulators.
Further details regarding how individuals and firms can contribute their evidence to the Review will follow in due course.
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