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Written question asked by Gregory Campbell (Democratic Unionist Party) on Friday, 4 April 2025, in the House of Commons. It was due for an answer on Tuesday, 22 April 2025 (named day). It was answered by Emma Reynolds (Labour) on Tuesday, 22 April 2025 on behalf of the Treasury.


Pay

Question

To ask the Chancellor of the Exchequer, if she will meet with representatives of the banking sector to discuss end of month payday payments.

Answer

The Government was concerned to hear of the issues impacting customers of several UK banks earlier this year, particularly given these coinciding with end-of-month payment cycles, but understands that services were quickly restored.

Engagement with specific firms is a matter for the sector’s regulators, including the Bank of England, Prudential Regulation Authority and Financial Conduct Authority, who will continue to monitor the firms and the impact of the issues.


Secondary information

Type
Written question
Reference
44206
Session
2024-26
Subjects
Pay
Link
View this Written question on www.parliament.uk