Early day motion tabled by primary sponsor Mike Hancock (Liberal Democrat), on Thursday, 3 March 2005, in the House of Commons. It is signed by 18 members in total.

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MISCELLANEOUS BANK CHARGES

That this House urges the Government to instigate an inquiry into the miscellaneous, but unavoidable charges made by banks, such as survey fees, booking fees, arrangement fees, higher lending charges fees and sealing of deeds fees, which are little more than a backdoor method of increasing their excessive profits, made at the expense of ordinary working people; notes that the NatWest Bank has increased its sealing of deeds fees by 350 per cent. in 18 months; and calls on the Chancellor of the Exchequer to institute a windfall tax on the profits of the banks in order that they are used for the common good rather than simply profiting shareholders.

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Secondary information

Type

Early day motion

Reference

829 

Session

2004-05

Subjects

Banks Fees and charges Profits

Link

View this Early day motion on www.parliament.uk