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Written question asked by Lord Taylor of Holbeach (Conservative), in the House of Lords. It was answered by Lord Myners (Labour) on Wednesday, 26 November 2008.


Banks: Charges

Question
asked Her Majesty's Government:Further to the Statement by Lord Mandelson on 22 October (Official Report, House of Lords, cols. 1143–45), whether the terms they have stipulated for underwriting banks prevent those banks from making a service charge that exceeds the cost of providing the service or charging for implementing changes to service agreements which are at the behest of the bank.
Answer

On 8 October this year, the Government announced a package of measures to support stability of the financial system, protect ordinary consumers and businesses, and safeguard the interests of the taxpayer. As part of their investment, the Government agreed a range of commitments with the banks supported by the recapitalisation scheme. These conditions are set out on the HM Treasury website at www.hm-treasury.gov.uk/press_105_08.htm.


Secondary information

Type
Written question
Reference
6276; 705 c295WA
Session
2007-08
Related items
Small Businesses
Wednesday, 22 October 2008
Parliamentary proceedings
House of Lords
Subjects
Banks Finance Fees and charges Government assistance
Link
View this Written question on www.publications.parliament.uk