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Bank Services: Interest Charges

Volume 499: debated on Wednesday 11 November 2009

To ask the Chancellor of the Exchequer whether he has made an assessment of the effects on the economy of the rates of interest applied to current accounts at (a) Lloyds Banking Group, (b) RBS, (c) Barclays and (d) HSBC; and if he will make a statement. (299007)

The Treasury does not collect information on the rates of interest on current accounts. I refer the hon. Member to the reply I made to him on 9 November 2009, Official Report, column 65W, in relation to indicators of competition in the UK retail banking sector monitored by the Treasury.