Asked by: Sarah Dyke (Liberal Democrat - Glastonbury and Somerton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she plans to commission an independent review into the loan charge by 4 October 2024.
Answered by James Murray - Exchequer Secretary (HM Treasury)
I know that the loan charge is a very important matter for many members and their constituents. Within my first two weeks in office, I had my first meeting with campaigners to discuss the loan charge. The Chancellor and I have been considering this matter since taking office and will provide an update in due course.
Asked by: Sarah Dyke (Liberal Democrat - Glastonbury and Somerton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she has made an estimate of the number of bank branches that have closed in England in the last 10 years.
Answered by Tulip Siddiq - Economic Secretary (HM Treasury)
According to consumer website Which?, UK banks and building societies closed over 6000 branches across the UK from January 2015 to May 2024.
The Government recognises the importance of banking to communities and high streets. The Government has therefore committed to work closely with banks to roll out at least 350 banking hubs, which provide individuals and businesses up and down the country with critical cash and banking services.