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Bank Charges

Volume 929: debated on Wednesday 6 April 1977

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asked the Secretary of State for Prices and Consumer Protection if, in view of the intention of banks to introduce bank charges which have an inflationary effect, he will refer such charges and profit margins to the Price Commission.

I am not aware of any intention on the part of the banks to increase charges above the level notified to the Price Commission late last spring. The largest banks will need to notify the Price Commission of any intention to introduce higher charges.