Proceeding contribution from Lord Field of Birkenhead (Labour) in the House of Commons on Monday, 25 January 2010. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
I am even more pleased that the hon. Gentleman has given way if he was about to conclude. I agree totally with him about the importance of information, and that there is no such thing as a free bank account, because banks redistribute resources and charges to present to customers accounts that are free of any charges in a technical sense. However, does he agree that a free bank account in the sense that we are now using is most important to people on the lowest income, who have the least money? They are increasingly forced to use the banking system to undertake many activities that they would previously have covered with cash.
Secondary information
- Type
- Proceeding contribution
- Reference
- 504 c597
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Contracts Devolved matters Consumers Debts Bank services Banks Competition Cheques Credit agreements Credit Credit unions Building societies Bank of England Direct selling Credit cards Fees and charges EU law Financial services Financial institutions Exemptions Financial Services Authority Interest rates Financial markets Low incomes Northern Ireland Protection Pay Loans Office of Fair Trading Pension funds Registration Regulation Shares Unfair practices Council for Financial Stability
- Legislation
- Financial Services Bill 2009-10
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-11 09:59:24 +0000
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