Business of the House

Madeleine Moon Excerpts

Thursday 1st March 2012 Commons Chamber

[Sir George Young]

Again, the Budget may provide an appropriate forum for such a debate, but my hon. Friend reminds the House that private sector employment is up 580,000 since the election, and that the overall number of people claiming out-of-work benefits has fallen by 30,000. I hope we can maintain that impetus, and that my hon. Friend will take part in the Budget debate, when he can make the point at greater length.

[Mrs Madeleine Moon (Bridgend) (Lab)]

May we have a debate on the Kafkaesque policies of Lloyds banks? When my constituent Mark Williams was unemployed three years ago, he set up a new business, Pins ’n Cool Things. He was suddenly notified by Lloyds that it was closing his bank account. It will not tell him why and he can have no explanation. His business has ground to a halt. There is no way he can find out what he is allegedly guilty of, which is surely against the nature of British justice. May we have a debate on why banks have the power to destroy companies by refusing to tell them why they close bank accounts?

[Sir George Young]

The constituent has done the right thing in contacting his Member of Parliament. I am sure she is in contact with the Lloyds chief executive to see whether she can get a satisfactory explanation of how her constituent has been treated. I hope she is pursuing that, but I will draw the matter to the attention of my right hon. Friend the Secretary of State for Business, Innovation and Skills to see whether there is a role for him in view of the Government’s stake in that bank.