questionText: To ask the Chancellor of the Exchequer, if he will make it his policy to issue penalties to banks that offer savings accounts with interest rate levels below the Bank of England Bank Rate.
answerText: The Chancellor has made clear his expectation that savers benefit from rising interest rates. On 28 June, the Chancellor secured agreement with the regulators to act urgently in areas where consumers need most support. This included agreeing with the Fina...
heading: Bank Services: Interest Rates