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Written question asked by Paul Flynn (Labour) on Monday, 12 June 2000, in the House of Commons. It was due for an answer on Thursday, 15 June 2000. It was answered by Melanie Johnson (Labour) on Thursday, 15 June 2000 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, if he will introduce legislation to compel banks and other institutions to search for claimants to accounts which have remained dormant for more than five years; if he will introduce legislation to ensure that money in dormant accounts is not held by banks or other institutions for longer than 10 years. - We have no plans to do so.
Answer

Mr. Flynn: To ask the Chancellor of the Exchequer (1) if he will introduce legislation to compel banks and other institutions to search for claimants to accounts which have remained dormant for more than five years; [126174] (2) if he will introduce legislation to ensure that money in dormant accounts is not held by banks or other institutions for longer than 10 years. [126173] Miss Melanie Johnson: We have no plans to do so.


Secondary information

Type
Written question
Reference
351 c689-90W; 126174;126173
Session
1999-00
Subjects
Bank services Banks
Link
View this Written question on www.publications.parliament.uk