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Proceeding contribution from George Osborne (Conservative) in the House of Commons on Monday, 19 December 2011. It occurred during Ministerial statement on Banking Commission Report.


Banking Commission Report

My hon. Friend is right, and she speaks up well for her constituents, who want greater choice on the high street. They want to be able to switch their bank accounts easily, and there are significant proposals in the report to help them do that within seven days and without having to chase up all the direct debits and the like, which will be done for them at no charge. That will be a practical benefit of the Vickers report and the Government's implementation of it.


Secondary information

Type
Proceeding contribution
Reference
537 c1087 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Costs Bank services Banks Competition Finance Incentives Standards Regulation Government responses Royal Bank of Scotland Financial Conduct Authority Independent Commission on Banking Payments Council
Link
View this Proceeding contribution on www.publications.parliament.uk